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externality Definition

ex·ter·nal·ity (eks′tər nalə tē)

noun

  1. the quality or state of being external
  2. pl. -·ties an external thing

externality Usage Examples

Converse of object

  • internalize: There are a number of methods of internalizing externalities.
  • associate: Note that these changes are small relative to the changes in the externalities associated with recycling.
  • generate: Or even they could be generating positive externalities for each other.
  • create: In sports, excess incentives to win can create negative externalities.
  • include: Charge them the real cost ( including externalities ) of their traveling.
  • have: Concerns were raised whether Faculty Postgraduate Studies Committees had sufficient externality to hear appeal against the results of the coursework component of Masters degrees.

Preposition: in

  • consumption: Yet, where there are externalities in consumption the decision to consume is essentially dynamic in nature.

Adjective modifier

  • negative: Negative externalities are the costs to a third party of economic decision making.
  • positive: Adding marginal positive externalities to D gives social marginal benefit.
  • environmental: This document was really focusing on the environmental externalities.
  • significant: The state of Britain's road and rail system represents a significant negative externality for what is the fourth largest economy in the world.
  • such: Green taxation is one way of dealing with such externalities.
  • other: However, the impact of internalization of other externalities has not been assessed.

Modifies a noun

  • adder: Certainly, this reveals a limitation of ' externality adders ' approaches.
  • cost: Externalities Costs or benefits that affect society but are not included in the market price of a good or service.

Noun used with modifier

  • consumption: The loud music produced by the young person is a negative consumption externality to the older person.
  • transport: However, for a first best solution road transport externalities should also be subject to direct charging.
  • network: Others have analyzed the importance of network externalities on the demand side ( Arthur 1985, David 1985, etc.
  • production: This paper combines both approaches in a nonlinear model with multiple steady states due to a production externality.
  • market: The World Bank sees its ICR activities as public goods which make up for under-provision by the market due to market externalities.