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Related to External cost: External Benefit, Private cost


n. pl. ex·ter·nal·i·ties
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.


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


(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 ?
Trends in ship operating costs are heavily linked to developments in the wider shipping market, external cost pressures notwithstanding.
The external cost of power generation by fossil fuels, mostly related to the environment and public health, has been shown to be the same or more than the cost of generating electricity by solar power, said an industry expert.
According to him, the external cost of power generation by fossil fuels, mostly related to the environment and public health, has been shown to be the same or more than the cost of generating electricity by solar power.
Third, taxes on fossil fuels serve as a 'pollution tax' that accounts for the external cost to society of increased carbon emissions into the atmosphere-the established key cause of climate change-resulting from use of such fuels.
Although a significant research effort in measuring external costs caused by electricity production has been made (European Commission, 1998; Krewitt, 2002; European Commission, 2003; Markandya, 2003; European Commission, 2005), the implementation of appropriate internalization strategies is still hampered by a lack of reliable external cost data (Krewitt, 2002).
Let's say that if the officers ask for consent and the homeowner agrees and a search follows, the external cost of the search drops from the four utils without consent to only one util with it.
In both cases, the external costs are evaluated as the product of the average amount of energy required for picking up one item and the unitary external cost [[euro]/kWh].
Intermodal transport, external cost, carbon tax, emission trading scheme, linear and nonlinear program
An external cost of $0/ton is used in Table 5 to demonstrate the base levelized costs per MW-h of each type of power production.
The external cost of emissions as a basis for determination of annual circulation taxes
Newcastle-based consultancy and chartered quantity surveyors Rider Hunt acted as external cost advisor to the Newcastle upon Tyne Hospitals NHS Foundation Trust on the institute at the Freeman Hospital, which took almost two years to complete and will house cardiothoracic transplant surgery, general transplant surgery and renal transplant surgery.
This paper tries to analyze road transportation externalities in Prague, capital city of the Czech Republic, by identifying and estimating external cost of congestion, air pollution, and noise.

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