Externalities
Über den Vortrag
Der Vortrag „Externalities“ von James DeNicco ist Bestandteil des Kurses „Principles of Microeconomics (EN)“. Der Vortrag ist dabei in folgende Kapitel unterteilt:
- A Closer Look at Externalities
- Public Policy towards Externalities
- Private Solutions and the Coase Theorem
- Recap
Quiz zum Vortrag
If the impact of an externality is harmful for the third party, it is called a ________ externality and the market equilibrium quantity produced is ________ the socially optimal level.
- negative ; more than
- negative ; less than
- positive ; more than
- positive ; less than
When the government levies a ________ on a good equal to the external cost associated with the good’s production, it ________ the price paid by consumers and makes the market outcome ________ efficient.
- tax ; increases ; more
- subsidy ; increases ; more
- tax ; increases ; less
- subsidy ; increases ; less
Which of the following statements is true according to the Coase Therom?
- If private parties can bargain without cost over the allocation of resources, they can solve the problem of externalities on their own.
- If private parties cannot bargain without cost over the allocation of resources, they can solve the problem of externalities on their own.
- The government is never necessary to solve the problems of externalities.
- The government is always necessary to solve the problems of externalities.
Dozent des Vortrages Externalities
James DeNicco
Dr. DeNicco graduated from Drexel University in 2013. His primary field is Macroeconomics and his secondary field is Industrial Organization. His primary research interests are in Macroeconomics and applied Macroeconomics, especially the relationship between GDP growth and labor dynamics.
His focus is on jobless recovery, which explores the speed of recovery in unemployment rates post recession, controlling for GDP growth. He is currently an Assistant Professor at the University of Tampa, where he teaches both Macroeconomics and Microeconomics.
Dr. DeNicco also does work as a Research Associate for the Center for Labor Markets and Policy. In that role he has conducted extensive work with BLS and BEA data regarding estimation and forecasting techniques used by the Massachusetts Governor’s Office and the Rhode Island Department of Labor.
In addition, he collaborates on research identifying the determinants of successful transitions from high school to college and persistence in college, with the goal of identifying major transition barriers needing either program or policy intervention.
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