Keyword: external benefit
Condom Economics (3/7/2007)
The externality and time horizon of costs and benefits bedevil college distribution of condoms.
Keywords: casual sex, condom, external benefit, external cost, honor system, opportunity cost, pregnancy, private benefit, private cost, sexually transmitted diseases, short-term vs long term, subsidy, vending machines
External Benefit and External Cost (11/2/2011)
External cost and external benefit exist because some property rights have not been clearly defined and enforced. Their existence leads to misallocation of resources.
Keywords: Coase Theorem, external benefit, external cost, externality, property rights
External Benefit and External Cost (transcript) (3/27/2007)
The existence of external cost and external benefit leads to misallocation of resources.
Keywords: Coase Theorem, external benefit, external cost, externality, internalization, resource allocation
Faking It (9/26/2011)
Scarcity value does not depend on technical competence but scarcity itself.
Keywords: branding, counterfeit, external benefit, free ride, information, market signaling, scarcity, shadow branding
Property Rights and Externality (7/7/2006)
Transferable and enforceable property rights encourage investment and high-valued uses.
Keywords: barbed wire, cattle ranching, commons, enforcement cost, external benefit, external cost, externality, ownership, Property rights, spillovers, transferability