. But the symbolic and moral valence of carrots
An export subsidy is often advised in economies where positive externalities
are associated with export activities.
The failure of prevailing tort law to cause the doctor to internalize the net risk created by his negligent choice emanates from its disregard for the positive externalities
that the wrongdoing may generate.
Proponents of stadium subsidies often allude to the positive externalities
the stadium will generate for the host city.
(28) The existence of these uncompensated positive externalities
suggests, but does not by itself prove, that mark owners will produce too little information about their products.
With respect to goods that create positive externalities
, too few are allegedly produced because the recipients of the externalities do not pay for the benefits bestowed upon them.
and Government Involvement in Education." The Journal of Private Enterprise 20:2, Spring.
impossible to fully internalize positive externalities
Because major disaster management planning necessarily involves various levels of government, the political benefits of such planning are automatically shared with other levels of government, that is, investing in planning confers positive externalities
on other levels of government.
In addition, public education done correctly generates positive externalities
that benefit the rest of us.
A delightful public-choice analysis follows, complete with bureaucratic incentives and interest-group politics, as well as a brief note on (and rejection of) the thesis that because compulsion has positive externalities
, Paretian welfare economics lends support to it.
. If this is true, an ideal regulatory system