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Examples
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"Externalities" are social and economic costs associated with gambling which don't show up on balance sheets of casinos, such as costs of problem and pathological gambling, crime, competition with local businesses, traffic, loss of real estate and sales tax from land under Indian sovereignty, etc.
Blather and Bosh 2010
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"Externalities" were ignored by an omnipotent state that ran the whole show.
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"Externalities" were ignored by an omnipotent state that ran the whole show.
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"Externalities" are costs or benefits that are external to the seller and buyer of a good or service, for which no compensation is made.
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"Externalities" were ignored by an omnipotent state that ran the whole show.
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Externalities arise when firms create social costs that they do not have to bear, such as pollution.
Michael E. Porter: The Big Idea: Creating Shared Value Michael E. Porter 2011
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Externalities are one thing; another justification for government intervention is coordination problems.
Layard and Happiness, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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Negative Externalities — occur if the market does not take into account the impact of an economic activity on outsiders: In the ‘wild west’ environment of the individual health market place, companies leave the sickest patients without coverage.
Wonk Room » The Free Market Does Not Work In Health Care 2009
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Externalities arise when firms create social costs that they do not have to bear, such as pollution.
Michael E. Porter: The Big Idea: Creating Shared Value Michael E. Porter 2011
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Externalities arise when firms create social costs that they do not have to bear, such as pollution.
Michael E. Porter: The Big Idea: Creating Shared Value Michael E. Porter 2011
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