Hence, if the daily occupied distance of the taxi market is O, the daily
external benefit of a cruising taxi market ([e.sub.b]) can be expressed as
Extrinsic motivation, the more popular model, refers to the force that pulls one forward by the power of some
external benefit or a tangible reward.
External productivity measures are by definition more difficult to develop, and will always be subject to criticism of the method of allocating some portion of
external benefit (usually economic) to an educational program.
(2) A marginal
external benefit with a zero value at the market output is known as an infra-marginal externality.
Part II.A identifies those effects of trademarking activity that are internalized while Part II.B identifies
external benefits. The existence of an
external benefit is both a practical and legal question.
Positive externalities occur when an
external benefit is generated by the producer of a good but because there is no market for the externality the producer cannot get compensated for producing this extra benefit.
As long as one adheres to the normal conventions in welfare economics and wants to support the claim that [Q.sub.MAX] is the efficient level of provision, then the truncated demand curve [D.sub.E] must represent the collectivity's marginal
external benefit for transplant kidneys.
Software compatibility in the PC industry (Chapters 2 and 3) creates a large
external benefit for any user, as anyone who remembers what it was like when Apple and IBM machines were still incompatible can tell.
External benefit occurs when a person or persons not directly involved in a transaction nevertheless receives benefit from it.
Thus, volunteer work may not be an
external benefit of education, possibly weakening the case for public subsidies by removing a frequently-used example of an
external benefit.
If country 1 is comprised of [U.sub.1] R/D teams, the total absorptive intracountry
external benefit is [U.sub.1]([U.sub.1] - 1).
