Externalities are the incidental effects that the activities or actions of one party have on another party. Positive externalities occur when the actions of a person or entity have a positive impact ...

To what extent does the digital world create a culture in which responsibility is denied or avoided, and what are the consequences of this failure to take ownership of a problem? Taking responsibility ...

Last week, the Lancet Commission on pollution and public health (free registration required) released a study on the annual costs of pollution. There’s bound to be argument about the specifics, but it ...

"Spillover cost," also known as "negative externality," is a term used to describe some loss or damage that a market transaction causes a third party. The third party ends up paying for the ...

Andriy Blokhin has 5+ years of professional experience in public accounting, personal investing, and as a senior auditor with Ernst & Young. Erika Rasure is globally-recognized as a leading consumer ...

The urgency to address corporate externalities—environmental, social, and health-related spill‑over costs—is intensifying. Hidden costs from pollution, resource depletion, and poor labor practices ...

I agree with the main points you were making in the “immigrants and markets” post but, at the risk of being accused of demanding proctological exactitude, I think it’s worth clarifying the issue “of ...

Al Gore and David Blood’s op-ed “ESG Investing Is Consistent with Fiduciary Duty” (Nov. 9) includes two examples that highlight the best way to handle externalities, the economic term for costs ...

Our eLibrary offers over 25,000 IMF publications in multiple formats. I develop a model of firm-to-firm search and matching to show that the impact of falling trade costs on firm sourcing decisions ...