The costs and benefits can be both private—to an individual or an organization—or social, meaning it can affect society as a whole. An externality is an event that occurs as a byproduct of ...

As a result, there are differences between private returns or costs and the returns or costs to society as a whole. Negative and positive externalities In the case of pollution—the traditional example ...

Alan Gin, University of San Diego YES: The environmental damage done by private jets is an example of a negative externality. With negative externalities, too much of something is done because ...

The externality may have a positive or a negative effect on that party. Property rights are often at the heart of externalities. A legal system that protects private property rights is often the ...

tariffs “address [an] externality.” Externalities are the idea that our private purchases of economic goods may affect others in ways not accounted for at the time of purchase. Cass uses the ...

A classic example of negative externalities is air pollution ... That’s because the blackboard solution assumes that private actors are self-interested, yet it assumes that political actors ...

"When Swift flies on her private jet, it isn't her intention to spew tons of carbon. Spewing carbon is an externality (an unintended consequence) of flying, driving, lighting a campfire and ...

Al Gore and David Blood’s op-ed “ESG Investing Is Consistent with Fiduciary Duty” (Nov. 9) includes two examples that highlight the best way to handle externalities, the economic term for ...

The economic word of the day is externality. A cost or a benefit that accrues to someone unrelated to a particular transaction. Air pollution is the classic example, and that’s exactly what will ...