In short, when externalities are negative, private costs are lower than social costs. There are also positive externalities, and here the issue is the difference between private and social gains. For ...

In short, when externalities are negative, private costs are lower than social costs. There are also positive externalities, and here the issue is the difference between private and social gains. For ...

How much of an effect the tax has depends on how price sensitive consumers are when it comes to cannabis, gambling, and tobacco.” ...

In economics, there are four different types of externalities: Positive consumption Positive production Negative consumption Negative production As implied by their names, externalities can have ...

Marilaque Highway, a 117.5-kilometer highway that connects Quezon City, Metro Manila with Infanta, Quezon, has recently been in the spotlight. Once a scenic and peaceful mountain road, it has become a ...