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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.
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.
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.
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.
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

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.
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.
Sondos 2

NZ may have skirted recession in 2010 - 0 views

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    New Zealand may have skirted recession in 2010, with economists predicting positive growth in the final three months, though last month's earthquake in Christchurch could see GDP turn negative again in early 2011. The economy expanded 0.1% in the fourth quarter after unexpectedly shrinking three months earlier.
Christopher G

Price Control to help villagers afford food-PM - 1 views

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    Prime Minister Commodore Voreqe Bainimarama has chosen to lower the price of food so as to allow the villagers of Fiji. Still the price was left high enough to let businesses a good profit. This is a perfect example of price roof that doesn't have negative ripercussions on the market
Javier C

Mac laptop prices steady as Windows prices fall - 2 views

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    This article talks about how Windows laptops prices are falling while Mac ones are remaining the same, what will definitely lead to a decrease in demand for Apple laptops as their XED is negative and are substitute goods in direct competition.
Abhinav S

Recession winners - 2 views

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    The article highlights certain industries/producers that succeed during a recession, all related to the idea of negative income elasticities or inferior products. Examples from the article include discount retailers such as Walmart, 'sin industries' e.g. cigarettes, selected services e.g. renovation (people focus on what they have and try to improve it rather than purchasing something new). The article also praises firms that tighten up costs and expand on 'core product' ranges and using 'vast economies of scale' to provide affordable goods to consumers.
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.
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.
Noah F

It\'s not over yet: foreclosures dominate local housing market - 0 views

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    This article is interesting since it not only brings up the housing market failure in 2010 but also brings up the negative effects of all the foreclosures happening. With foreclosures comes a lot of crime, including people breaking into foreclosed homes to live in and use as shelter.
Wonwoo C

Aftershocks - The Japanese earthquake is the latest piece of bad news to unsettle inves... - 0 views

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    "WHEN disaster strikes, the reaction of many investors is to scoot first and ask questions later." The recent natural disaster in Japan not only caused tsunamis that destroyed the cities, but it also caused ripples of detrimental effects on the world economy. Investors reluctant to put their money on the table due to the negative trends due to geopolitical and economic reasons around the world further contribute to the cycle of recession.
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