Emanuela Randon
Abstract
Externalities have been principally analysed in economic theory for normative purposes. By contrast, the positive economic analysis of externalities has been often left implicit or neglected. The principal aim of the paper is to develop a general overview on the positive economics of externalities.
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Externalities have been principally analysed in economic theory for normative purposes. By contrast, the positive economic analysis of externalities has been often left implicit or neglected. The principal aim of the paper is to develop a general overview on the positive economics of externalities.
Key concepts: Externality, Economics, Consumption (sociology), Microeconomics, Function (biology), Public good, Public economics, Sociology