The Theory of Externalities

Amitrajeet Batabyal

MPRA Paper from University Library of Munich, Germany

Abstract: In this short paper, I briefly discuss the economic theory of externalities. After first defining the concept, I pay attention to the history of this concept, the way in which it has been conceptualized, new developments, and the contemporary policy relevance of externalities and their regulation.

Keywords: Global Externality; Negative Externality; Policy; Positive Externality; Regulation (search for similar items in EconPapers)
JEL-codes: H20 Q50 (search for similar items in EconPapers)
Date: 2023-11-20, Revised 2023-11-22
New Economics Papers: this item is included in nep-ene and nep-his
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:119233

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