Market Failure

Watch the path of a raindrop from anywhere in the world

The year 2025 marks two significant milestones in the history of economic thought: the 115th anniversary of the birth of Ronald Coase, one of the most

Researchers find AI-related emissions may soon rival that of all the cars in California and cause asthma deaths to spike.

Authorities in India’s capital have shut schools, halted construction and banned non-essential trucks from entering the city after air pollution shot up to its worst level this season.

Despite committing to net-zero goals, Google’s greenhouse gas emissions soared last year, thanks to AI

The first-of-its-kind tax aims to drastically reduce Denmark’s carbon emissions, a large portion of which comes from livestock.

The city even made a pointed video asking spring breakers to come back only when they’ve grown up a little.

As massive ships like Royal Caribbean’s Icon of the Seas tack on more energy-intensive amenities, emissions from the cruise industry are climbing.

That water bottle you just cracked open likely contains hundreds of thousands of previously undetectable plastic particles, according to new research.

America’s fastest-growing sport has a noise problem. Can the solution be found in a makeshift lab outside Pittsburgh?

“RT @EconTrudeau: I’m done teaching for the semester but I’d love to talk about externalities and people like this in different cities “seei…”

Worksheet – Externalities Related news article: This Nigerian school accepts plastic bottles as school fees (Quartz, April 5, 2023) Summary: This worksheet could be used for in-class or homework practice. Students will be asked to read a short article about the Recycles Pay Educational Project in...

Your teacher of professors is going to ask you to draw externalities, including the socially optimal quantity and deadweight loss. The might even require you...

An alcohol-fueled fungus has sparked a dispute between a Tennessee community and the famous Jack Daniel's distillery.

The fungus reportedly doesn’t harm humans or bother Pedro Pascal.

A Pigouvian tax is a government cost on activities that create socially harmful effect. Examples include taxes on gasoline and cigarettes

The Coase Theorem is a legal and economic theory that explains how negotiations help to settle property disputes.

Ruling is part of a package of measures designed to reduce waste and increase recycling

Most of us know about the London Marathon ballot. But there are around 10 ways to get a place in the London Marathon, just not all easy.

Cleaner air in United States and Europe is brewing more Atlantic hurricanes , a new U.S.

Old-growth trees in Tongass National Forest, which holds nearly twice as much carbon dioxide as the United States releases each year by burning fossil fuels, are embroiled in the politics of timber and climate change.

Consumer Reports details the big problem with plastic, revealing where most of the plastic you throw away ends up and explaining how to limit its environmental harm.

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Bob Riney, Henry Ford Health System's most veteran hospital administrator, made a personal plea Thursday during a Zoom teleconference with reporters for people to wear masks and take more seriously the latest COVID-19 outbreak sweeping through Detroit and Michigan.

‎Show Think Like An Economist, Ep Externalities - The Full Cost of the Choices we make - Nov 2, 2020

Link: Since the beginning of the pandemic, the agriculture supply chain has been suffering. Although the shelves at grocery stores are not fully stocked, farmers are giving away their goods, or eve…