A society with fewer marriages may be happier, but it also worsens economic inequality. Allison Schrager is a Bloomberg ...

In the case of pollution—the traditional example of a negative externality—a polluter makes decisions based only on the direct cost of and profit opportunity from production and does not consider the ...

In the case of pollution—the traditional example of a negative externality—a polluter makes decisions based only on the direct cost of and profit opportunity from production and does not consider the ...

One of the ways in which the market most often fails is by producing negative externalities – that is, the costs an activity generates that are not reflected in the price paid by the person ...