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Dictionary
to externalities
noun
The state of being external or externalized.
synonyms
Exact(11)
E.g., I don't think that economic freedom is inconsistent with a democratic government that regulates markets (especially with an eye to "externalities" such as environmental pollution) and imposes taxes (including "progressive" taxes) in order to provide social insurance (against illness or destitution in old age) and public goods (such as education, roads, and public transport).
Quality can be subject to externalities when product attributes lack their individual markets.
Modifications to ecosystems often lead to externalities that can be assigned an economic value and traded in ecosystem service markets.
The 'public good' nature of the resources and their linkages with ecological systems gives rise to externalities that could be pervasive.
For chemiresistor-type sensors, sensing materials show response to externalities by the change of conductivity, that is the variation of concentration of hole or electron carriers.
With regard to externalities, economists often point to Coase's famous theorem that holds that when there are no transaction costs, problems of externalities can be overcome through bargaining, independent of the initial distribution of property rights (1960).
Similar(49)
For others, Machiavelli may best be described as a man of conventional, if unenthusiastic, piety, prepared to bow to the externalities of worship but not deeply devoted in either soul or mind to the tenets of Christian faith.
'Non-excludability' of skills is suspected to give rise to poaching externalities and cause under-investment in training.
External economies, also referred to as externalities, are economies associated to conditions that are not internal to the firm/market.
In either case, they create distortions which are costly to society, but they may also serve to internalize externalities and thereby lower costs to society.
So Mankiw prefers to focus on simpler factors to deduce externalities.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com