Batabyal, Amitrajeet (2023): The Theory of Externalities.
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Abstract
In this short paper, I briefly discuss the economic theory of externalities. After first defining the concept, I pay attention to the history of this concept, the way in which it has been conceptualized, new developments, and the contemporary policy relevance of externalities and their regulation.
| Item Type: | MPRA Paper |
|---|---|
| Original Title: | The Theory of Externalities |
| English Title: | The Theory of Externalities |
| Language: | English |
| Keywords: | Global Externality, Negative Externality, Policy, Positive Externality, Regulation |
| Subjects: | H - Public Economics > H2 - Taxation, Subsidies, and Revenue > H20 - General Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q50 - General |
| Item ID: | 119233 |
| Depositing User: | Dr. Amitrajeet Batabyal |
| Date Deposited: | 30 Nov 2023 14:59 |
| Last Modified: | 30 Nov 2023 14:59 |
| References: | Batabyal, A.A. 1995. Leading issues in domestic environmental regulation: A review essay, Ecological Economics, 12, 23-39. Coase, R.H. 1960. The problem of social cost, Journal of Law and Economics, 3, 1-44. Pigou, A.C. 1920. The Economics of Welfare. Macmillan, London, UK. |
| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/119233 |
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