I am honored to present at the 10th edition of Kansas Workshop in Economic Theory with this amazing team of bright economists from across the globe.
Externality and Trees
Externality is an Economic concept that arises whenever private parties fail to perceive some implicit cost or benefit due to the decisions they make. Is one of the forms of "Market Failure" that we encounter in our daily lives (i.e. situations in which market allocation won't result in a socially optimal result), and the main reason … Continue reading Externality and Trees