Lu Shan
Abstract
Positive and negative consumption externalities will produce different welfare effects on manufacturers and receivers.Consumption externalities,positive or negative,will cause the reduction of the entire social welfare.
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Positive and negative consumption externalities will produce different welfare effects on manufacturers and receivers.Consumption externalities,positive or negative,will cause the reduction of the entire social welfare.
Key concepts: Externality, Consumption (sociology), Welfare, Economics, Natural resource economics, Public economics, Agricultural economics, Microeconomics