Learn how economists measure externalities using equilibrium models, cost assessments, and qualitative methods. Gain insight into real-world and theoretical impacts.

Wine growers everywhere fear spring frosts. New vine buds emerge in the spring and are highly susceptible to freezing temperatures which can kill them and result in significant crop loss for the year.

Most economic externalities can be efficiently solved through a system of private property rights, in which costs and ...

Externalities are the incidental effects that the activities or actions of one party have on another party. Positive externalities occur when the actions of a person or entity have a positive impact ...

Log-in to bookmark & organize content - it's free! Economist Paramo Sanyal of the Brattle Group discusses the the Universal Service Fund, which subsidizes telephone service for low-income customers, ...

Detty December was never a government blueprint or a carefully sequenced tourism policy. It was a market accident—an explosion of Nigerian soft ...

Forbes contributors publish independent expert analyses and insights. I cover the economics of the sports industry. The textbook definition of a positive externality is a benefit that is enjoyed by a ...

…You decide: I’m on my home from work tonight and pass a youngish guy (probably late 20s/early 30s) dressed casually (either a blazer or a leather jacket and what looked like jeans). As I pass him, he ...