8 thoughts on “Economics 1 – Lecture 12: Externalities”
Overfed morons playing with the semantics of public and private. The
reality is we all live in a ecosystem called earth and everything is
‘public’. Suck a dick Berkeley.
problem 2 is not only incurred in non socially optimal markets, it’s an
issue with the modeling itself, the entire curve would be even higher
assuming non-optimal methods of dealing with the pollution, so the point
which seems optimal according to the model would suffer the same issue. So
i don’t see the point in mentioning it as an issue with non socially
optimal markets
If a factory creates a gas guzzling monster car and sells it to people who
want to drive monster cars, those people consume more gasoline and drive up
its price. Is the higher price an externality?
Overfed morons playing with the semantics of public and private. The
reality is we all live in a ecosystem called earth and everything is
‘public’. Suck a dick Berkeley.
problem 2 is not only incurred in non socially optimal markets, it’s an
issue with the modeling itself, the entire curve would be even higher
assuming non-optimal methods of dealing with the pollution, so the point
which seems optimal according to the model would suffer the same issue. So
i don’t see the point in mentioning it as an issue with non socially
optimal markets
I think that manufactures should produce goods and look after the
Einviroment at a time.
an excellent lecture….
@michalchik It’s ironic I forgot to put apart from the positive
externalities, as me watching this is one in its self.
IS the MSC always above the fixed costs?
If a factory creates a gas guzzling monster car and sells it to people who
want to drive monster cars, those people consume more gasoline and drive up
its price. Is the higher price an externality?
@radroatch Not if the the externalities are positive instead of negative.
That is the product benefits people other than the consumer.