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14. Externalities 14. Externalities

14. Externalities - PowerPoint Presentation

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Uploaded On 2016-06-25

14. Externalities - PPT Presentation

Varian Chapter 33 Types of externalities Consumption externalities Consumption of a good by agent A has a direct impact on agent B s utility Eg smoking loud music tidy garden etc ID: 377855

person smoke marginal money smoke person money marginal utility benefit 100 firm agent externalities pareto tax smoking endowment rights

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