Group items tagged

This article explains an example of negative externality in which due to the faulty construction of the gas padal and floor mats, problems occur. This goes off of the notion that nagative externality can be defined as negative side effects, which this clearly shows.

This is an example of a negative externality created by the rapid industrialization of China. This externality is created because the market price does not take into account the costs incurred by third-parties not involved in the transaction. In this case polluted waters damage the natural environment and pose a hazard to the people, but corruption and lack of legislation means that little is being done.

This article mentions the estimate of the world population in 2050, which is 9 billion people. This would add up 2 billion people more to the actual number, bringing some additional human beings to feed. If as for now, there are 1 billion people hungry in the world, how will this extra 2 billion affect the world's supply of food. A negative externality being referred here, is the fact that as more people are born, there is less food to be given to the ones already here.

Marcelo, this can not count as a negative externality, methinks.

Many nations (such as the United States) depend on nuclear energy. In U.S., for example, nuclear power makes up approximately 20 percent of the total energy used. However, nuclear power produces nuclear waste, a dangerous negative externality. This article examines the negative impacts of nuclear waste and how it can be handled in the future.

This article talks about the negative externality of industrialization that is pollution. Apparently, there was an abundance of smog in Britain from as early as 1904.

This article is talking about Spain cutting some of its costs because they will still be in recession for another year. the negative externalities of doing this could be people losing their jobs, and Spain going into an even deeper recession.

Sara, this can not count as a megative externality, methinks.

This article is about nuclear waste, a byproduct of nuclear fuel. This nuclear waste can be dangerous. As a form of pollution, it is a negative externality. The waste must be dealt with properly, or it can cause harm to society in the form of negative health effects.

This article discusses the attempts countries around the world are doing to correct a market failure caused by a negative externality, pollution, which is also casuing severe climate changes around the world, such as global warming.

In this article, a serious negative externality of a public good is presented: deaths in a public road, or more specifically a motorway. There are numerous preventable accidents occurring in the road, mostly due to police inefficiency, and neglecting of safety standards. This public good is definitely an example of a market failure.

This article talks about how McDonalds recently started a $1 dolar breakfast meal to try and increase sales. This price for breakfast does not take into consideration the social cost of consuming such unhealthy food. Because of the negative externalities such as weight gain and heart attacts, this is a form of market failure, .

Global Warming is a market failure of all times that is universal to all human population. Barack Obama visited China to negotiate about the promotion of low-carbon emissions. US and China are one of the few countries who haven't signed the Kyoto Protocol and the top emitters of green-house gases. Because of such emissions, negative externalities are starting creep into national economy in various ways, especially the climate change that have severe affect on crop production.

Clean air is a public good, as it is non-rivalrous and non-excludable. The provision of clean air is a massive problem in China, because its rapid industrialization and high output has come at the cost of the environment, and subsequently created large amounts of toxic waste that is being released into the air and the water.