externality

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Related to Positive externality: Negative externality

ex·ter·nal·i·ty

 (ĕk′stər-năl′ĭ-tē)
n. pl. ex·ter·nal·i·ties
1.
a. The condition or quality of being external or externalized.
b. Something that is external.
2. A cost or benefit that affects people other than those involved in the economic activity that produced it and that is not reflected in prices: pollution and other negative externalities.

externality

(ˌɛkstɜːˈnælɪtɪ)
n, pl -ties
1. the state or condition of being external
2. something external
3. (Philosophy) philosophy the quality of existing independently of a perceiving mind
4. (Economics) an economic effect that results from an economic choice but is not reflected in market prices

ex•ter•nal•i•ty

(ˌɛk stərˈnæl ɪ ti)

n., pl. -ties.
1. the state or quality of being external or externalized.
2. something external.
4. an often unforeseen external effect accompanying a process.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.externality - the quality or state of being outside or directed toward or relating to the outside or exterior; "the outwardness of the world"
worldliness - concern with worldly affairs to the neglect of spiritual needs; "he disliked the worldliness of many bishops around him"
spatial relation, position - the spatial property of a place where or way in which something is situated; "the position of the hands on the clock"; "he specified the spatial relations of every piece of furniture on the stage"
References in periodicals archive ?
Digitalization enables washing-as-a-service, which creates a positive externality for the environment.
They are especially reluctant to invest in projects that provide long-term positive externality that benefits people.
Consistent with this hypothesis, I find that industry sales and employment grow faster when industry R&D intensity is high; and that the positive externality effect on operating performance is stronger where the market expands more.
70) In recognition of this clear positive externality, the city gave the breweries a break on their utility bills.
For example, if a person smokes and thereby creates a negative externality of more secondhand smoke, then her choice not to smoke creates a positive externality of less secondhand smoke.
Without the incentives to internalize the positive externality resulting from reducing pollution, as noted earlier in the paper, private markets will generally underabate.
Given the nature of the public and in accordance with the economic approaches described by Jaffe (1996), the research and development externalities can be taken as an example of positive externality, in fact, the concept of positive externalities is very closely related to the concept of "public good".
A person riding a subway or using a road creates the demand for infrastructure that enables the existence of that subway or road for other people in his city--a positive externality.
2] emissions lead to a negative externality, but innovation in new technology reduces abatement cost, generating a positive externality.
33) Through ad valorem taxation, the municipality levies a charge on landowners in proportion to the assessed value of their property to pay for the benefits all municipal residents receive, again without the consent of the assessed, thus solving the positive externality problem.
Spears creates a positive externality, but there is no way it can charge Shack to recover the benefit of any extra customers it provides: Spears can no more bill Shack for these additional customers than a homeowner with a nice garden can charge passersby for the views and smells the garden affords.

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