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Marginal external cost curve - PowerPoint PPT Presentation

CHAPTER 18 OUTLINE

CHAPTER 18 OUTLINE. 18.1 Externalities 18.2 Ways of Correcting Market Failure 18.3 Stock Externalities 18.4 Externalities and Property Rights 18.5 Common Property Resources 18.6 Public Goods 18.7 Private Preferences for Public Goods. 18.1. EXTERNALITIES.

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Chapter 18

Chapter 18. Externalities and Public Goods. Externalities. Externalities arise between producers, between consumers, or between producers and consumers Externalities are the effects of production and consumption activities not directly reflected in the market They can be negative or positive.

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Chapter 18

Chapter 18. Externalities and Public Goods. Externalities. Externalities are the effects of production and consumption activities not directly reflected in the market They can be negative or positive. Negative Externalities. Action by one party imposes a cost on another party

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Marginal external cost curve - PowerPoint PPT Presentation

CHAPTER 18 OUTLINE

Chapter 18

Chapter 18