Encyclopedia

external

Also found in: Dictionary, Medical, Financial, Wikipedia.
(redirected from externality)

external

1. Politics of or involving foreign nations; foreign
2. of, relating to, or designating a medicine that is applied to the outside of the body
3. Anatomy situated on or near the outside of the body
4. Education denoting assessment by examiners who are not employed at the candidate's place of study
5. Austral and NZ (of a student) studying a university subject extramurally
6. Philosophy (of objects, etc.) taken to exist independently of a perceiving mind
7. Austral and NZ a student taking an extramural subject
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
Mentioned in
References in periodicals archive
(172) This targeted policy in the guise of market externality analysis is especially prominent in the context of Wal-Mart, where labor unions seek to use municipal zoning regulations to prevent the entry of Wal-Mart stores.
On the contrary, deep legitimacy questions arise when individual states have the capacity to effectively veto the emergence of universally binding obligations in contexts where the behavior of an individual state raises justice-sensitive externality concerns.
Given that the farmer's and rancher's benefits and costs were just the converse of each other, how should we consider the externality? Coase's question spurred a sea change in economic and legal scholarship.
After earlier years of neglect, the subsequent suggestions justified a public policy intervention to internalize this environmental externality, wherein the third-party effects of emissions were required to be included in the internal costs of polluters.
Columns 1 through 4 show that the number of stores that go out of business after a big-box bankruptcy is significantly higher in compact towns than in non-compact ones (Panel A), even though the radial externality does not differ significantly, while Panel B shows that no such difference exists within a one-mile radius.
The Pigouvian tax solution to a pollution externality places responsibility on the firm producing the pollution.
So where is the negative public externality there, which is the main reason lawmakers wanted to impose excise taxes on SSBs?
Negative externalities/ Without using the term, Caplan gives an example of the type of negative externality educational signaling motivates with the following:
In government, policies designed by the elite also apply to the masses, creating a built-in externality.
Copyright © 2003-2025 Farlex, Inc Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.