Showing posts with label Externalities. Show all posts
Showing posts with label Externalities. Show all posts

Thursday, October 29, 2009

Externalities in the Organ Market

Check out this post over at EagleEconBlog by Taggert:

Wearing helmets while riding a motorcycle can have consequences for the organ donation market. This is a (negative!) externality only an economist can love.

Tuesday, October 27, 2009

This American Life Episode on Externalitites

Check out this funny episode on things that affected third parties: Ruining it for the Rest of Us.

Ring Dike Program in Minnesota and South Dakota

When I heard that the cost of the dike was $68,000 and the farmer would pay $8,000, this article caught my attention.

Here is the Wikipedia definitions of Market Failure and Externality.