Externalities are the incidental effects that the activities or actions of one party have on another party. Positive ...

Consumption, production, and investment decisions of individuals, households, and firms often affect people not directly involved ...

We economists are often faulted for having a language all our own, usually unintelligible to common mortals. (To be fair, our ...

Wine growers everywhere fear spring frosts. New vine buds emerge in the spring and are highly susceptible to freezing ...

Many economic models are constructed on the basis of an equity-efficiency trade-off, assuming that equality comes at the cost of ...

Negative infectious disease externalities are less prevalent in the absence of government intervention and less costly to society ...

To what extent does the digital world create a culture in which responsibility is denied or avoided, and what are the ...