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Wonwoo C

Land of Hope - How Climate Change Could Be a Boon for Africa - 0 views

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    Excel Energy Inc. in Denver Colorado decides to transfer switch one of its coal-fired power plant units to run on natural gas as part of its plan to cut emissions. By this, they attempt to decrease the negative externalities, or, on other words, the colossal amounts of pollution and green house gases emitted by coal-fired power plants. The question is; will this switch be effective in reducing the pollution negative externality?
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    Global warming, the "mother of all negative externalities", may be a substantial opportunity for development for Africa. Pavan Sukhdev and other prominent economists claim that monetization of natural assets by "rediscovering" economics may bring great wealth to Africa.
Noah F

Survey: Traffic a negative impact on health - 3 views

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    this article discusses the negative externality of car production, lack of roads, and pollution caused by cars. This article discusses how people's health are being affected.
Abhinav S

The true cost of smoking - 1 views

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    The article quantifies the external costs of smoking in addition to the private costs imposed upon the smoker. It cites a cost of $150 for cleaning costs (for cars dirtied by ash), with up to $1000 for high-end models. Cleaning a house plagued by smoke is estimated to cost up to $2000. This does not include the costs associated with healthcare payments that need to be paid to employees as part of coverage plans. Furthermore, it is estimated that $96.7 billion is spent on private and public healthcare pertaining to smoker-related illnesses. These negative externalities are not accounted for in the price of a pack of cigarettes (the article states a price of $4-$5 for a single pack) and thus results in an allocative inefficiency - smoking is grossly overconsumed by society.
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    This is a great article. It covers no only the firsthand costs of smoking, but also the long term effects on costs.
Sondos 2

India on the move... - 0 views

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    In India, new cars are being registered at a rate of nearly two million per year. The Indian auto industry has become the world's seventh largest, now having overtaken every European country except for Germany. This exponential rate of production comes at an opportunity cost however. A mixed externality takes place. The stimulation in the auto industry increases the demand, and therefore the possession of cars in the country, which will hence increase the amount of green house gases released by general motor transport, aggravating atmospheric pollution.
Konstantin Z

Could a tax on soda and ice cream save us from ourselves? - 0 views

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    in this article is vividly showed how tax on some products increases their price and decreases their consumption because consumption of these goods causes negative externalities
Merab K

Lazy Academics - 0 views

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    Although, this article isn't taken from the newspaper, it is very short and refers to what we have studied this week. The author is a teacher and he writes how he is affected by negative externality.
Michael M

Coal as heat source - 1 views

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    There is a recent movement of an increase in people who use coal for heating. This would put pollution into the air, thereby carrying with it a negative externality.
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    Thanks for posting this Michael! It effectively removes the phrase "clean coal". There are quite a few articles about the environment this week!
Sondos 2

Living Economy: Market failure and state involvement in the economy - 0 views

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    This article considers the possible measures that the Maldives should consider in order to develop its not yet fully matured economy. Today, government intervention to reduce or diminish market failure takes many forms: direct controls, government regulation, government subsidies, taxation of negative externality engendering goods, etc. However, it has been strongly suggested that for a developing country such as the Maldives, "and given that there is no one perfect model of state involvement in the economy, effective and well managed Public Enterprises need to play a vital and integral role of the national economy." Further solutions for market failure in the Maldives are also discussed.
Mitchell B

Pushes for Externality Bill - 1 views

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    People are pushing for a bill that will force companies to think more on the green side of things, and consider the environment when making decisions.
Jaewan H

Can economists analyze ecological degredation? - 1 views

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    This articles gives an idea what negative and positive externalities are with good examples.
Javier C

Factoring Environmental Degradation Into Economics - 3 views

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    This article involves the usage of economics in the degradation of the environment and how it can be applied to help save the environment.
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    This article talks about how environmental damaging are and should be taken in account in economics.
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