Quiggin, John Charles
The phenomena usually described as externalities play a major role in
a number of areas of economic analysis. The most notable of these is
environmental economics, but externalities are also significant in areas
such as agriculture, health, and transport economics. When the related
area of public goods is taken into account, the importance of these
phenomena, and of the analytical and policy problems they raise, may be
seen to be very great.
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