The Economic Efficiency Analysis of Negative Externality Regulation
Wang Wan
Abstract
Wang Wan
Abstract
Negative externalities are one of the main reasons for market failure. Negative externality rules are an important issue in public economics, and the economic efficiency in solving negative externalities is reflected in the costs and benefits in dealing with them. Through economic assumptions and cost-benefit analysis, we can seek the ways of optimizing the institutions for resolving externality problems.
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Negative externalities are one of the main reasons for market failure. Negative externality rules are an important issue in public economics, and the economic efficiency in solving negative externalities is reflected in the costs and benefits in dealing with them. Through economic assumptions and cost-benefit analysis, we can seek the ways of optimizing the institutions for resolving externality problems.
Key concepts: Externality, Economics, Market failure, Economic efficiency, Economic analysis, Microeconomics, Public economics, Cost–benefit analysis