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Addressing Externalities and Public Goods by Shuchi Goel is a document available to read on EtoBox.

What is Addressing Externalities and Public Goods about?

This document discusses externalities and public goods as sources of market failure. It defines externalities as costs or benefits that affect parties not directly involved in a transaction. Negative externalities like pollution can result in too much of a "bad thing" being produced. Positive externalities like education can result in too little of a "good thing" being produced. Government interventions like taxes can help correct externalities and achieve socially efficient outcomes by aligning private and

Author

Shuchi Goel

Language

EN