Group items tagged

This article talks about the negative externality of smoking. It tells that when adults smoke the bad side effects affect small innocent children.

This article talks about how the number of children submitted to hospital with asthma has decreased by 12% after smoking bans were put in place. This shows that the externality created by smoking is negative, it does not only affect the individual but the society as well therefore the social costs are greater than the private benefits. It shows how government intervention helps reduce the negative externalities.

In introducing the smoking free regulation, the british government has successfully reduced the number of admissions with children suffering from asthma attacks by 12%. In addition to showing that this government intervention has successfully reduced the negative externality caused by smoking cigarettes, this form of intervention has increased social awareness and also the willingness of many individuals to prefer "smoking free homes". The Article thus demonstrates that there has not only been a change in legislation, but also a change in the attitudes of the population, which will also have an effect on demand.

This article looks at the damage of industrial wind turbines to "society"

The Article talks about the negative externalities of unsustainable food production and suggests that the actual costs to society should be expressed in the price of those products that appear cheap but have been produced by methods which are negative for the environment. It thus describes these negative externalities as "subsidies payed by society".

Air Pollution is an example of negative externality as it causes damage to crops for example.

This article outlines the international negative externality of greenhouse gas emissions. Greenhouse gases harm the environment on a global scale, yet firms can overlook this, as the effects of the externality do not have a very direct effect on the society, or the world as a whole, and the cost of reducing emissions in the future does not have be paid for yet, and thus they reap private benefits. At some point however, the global society will have to come up for these unaccounted costs.

Trying to protect Brazils forests is a difficulty. Logging cannot be stopped due to common access to the amazon. Farmers make use of the forests until they maximize their utility, causing negative externalities. River banks are ednagered by erosion and wildlife loses its inhabitat. The new Laws by the government are not good enough to prevent logging and support sustainability.

This article takes about the negative externity of carbon.

This article talks about a future project called the Intrinsic Value Exchange (IVE). It's designed to use our natural assets to help the economy. Its a system that values our economic services rather than penalizing companies that ruin them. It takes on the opposite approach on the problems happening with negative externalities. Watch the video for more interesting info on this topic.

This article discusses China's developing economy, the major consequences of this growth, and regulations that have been presented to mitigate some of the damage. Their developing economy causes an increasing output of energy required to sustain it, and as consequence, an increase in harmful emissions (a negative externality).

An 8-year old Chinese girl is now a cancer patient due to pollution. Through heavy industry and a large amount of transport by rail, car, and plane, pollution has reached levels at which it poses a health risk to the population.

A very interesting article talking about how society is (mainly) polluting the air without paying the cost other than their car & fuels.