Externalities and Cost-benefit Analysis

  • J. Harvey
  • M. K. Johnson


Because of the growing complexity of economic activity, externalities can be a major cause of market failure. Since they are especially related to the environment, examples can be derived from your own observations. These should lead to a consideration of the actual action taken to allow for them.

Copyright information

© J. Harvey and Janet Johnson 1994

Authors and Affiliations

  • J. Harvey
  • M. K. Johnson

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