Learn how externalities impact economics, with examples of positive and negative outcomes, and explore solutions like taxes, ...

The idea that economists do not care about externalities is a strange one, given how prominently they are featured in economics textbooks. An externality is, simply put, a spillover effect.

This paper reviews life cycle analyses of alternative energy technologies in terms of both their private and societal costs (that is, inclusive of externalities and net of taxes and subsidies). The ...

Every state government in the U.S. levies an excise tax on insurance. Although these premium taxes represent a substantial source of state revenue, they have undergone little economic analysis. This ...

Covid-19 and its collateral damage continue to leave a trail of devastation around the world. Millions of businesses have closed, with many having no realistic prospect of reopening.

Explain the concept of income elasticity of demand and explain what YED figure you would expect for a luxury fashion resale item Draw a positive externalities of consumption diagram for second ...