International Monetary Fund1 天
Externalities: Prices Do Not Capture All Costs
In the case of pollution—the traditional example of a negative externality—a polluter makes decisions based only on the direct cost of and profit opportunity from production and does not consider the ...
International Monetary Fund6 天
What Are Externalities?
In the case of pollution—the traditional example of a negative externality—a polluter makes decisions based only on the direct cost of and profit opportunity from production and does not consider the ...