Group items tagged

This article from New York is about air quality. New York recently failed an air quality standard test, from a company that has according to the paper a monopoly in their market, and whether it is right that this is the case.

The use of normal cars creates a negative externality of consumption; through the air pollution and noise pollution that is created. The intention to launch an electric car share program in Paris reduces this negative externality; as electric cars do not make any noise and do not (directly) cause air pollution.

This is an externality of production because the air pollution from the buses imposes an unpaid social cost upon society; the article then discusses how the government plans to fine people to deter this activity and raise revenue.

This article concerns the problems that are being caused by a wagon-assembly factory in India. Not only does the factory cause air-pollution through fumes, but it also causes noise-pollution and vibrations that make living in the area very uncomfortable. This clearly illustrates how the MSC is much greater than the MPC of production, and is therefore is therefore a "Negative Externality of Production".