Corrective taxes - PowerPoint PPT Presentation

Chapter 3

Chapter 3. Externalities and Public Policy. Externalities. Externalities are costs or benefits of market transactions not reflected in prices. Negative externalities are costs to third parties. Positive externalities are benefits to third parties . Externalities and Efficiency.

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Goals

Lecture Notes: Econ 203 Introductory Microeconomics Lecture/Chapter 10: Externalities M. Cary Leahey Manhattan College Fall 2012. Goals. This is (yet) another applications chapter looking at international trade.

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402 views • 18 slides

Goals

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210 views • 18 slides

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