private costs

private costs

the costs (EXPLICIT COSTS and IMPLICIT COSTS) incurred by firms for the use of FACTOR INPUTS in producing their OUTPUTS. Compare SOCIAL COSTS.
References in periodicals archive ?
Charles pays for the public duties of Harry and Meghan and the Duke and Duchess of Cambridge, and some of their private costs, out of his multimillion pound Duchy of Cornwall income.
The FTC has for the past three years co-chaired the ICNs Merger Working Group, which promotes convergence toward best practices in merger process and analysis and seeks to reduce the public and private costs of multijurisdictional merger reviews.
"Life-cycle private costs of hybrid electric vehicles in the current Chinese market." Energy Policy, 55, 501-510 (2013).
The adult smoker's health and productivity belong to him, so his decision to smoke involves only private costs, which (in his evaluation) are lower than the subjective benefits he obtains from smoking.
In order to find that out, we have to add, to the private costs and benefits of mining (those borne by or accrue to the mining companies), its social costs and benefits (those not borne by or accrue to the mining companies).
It first briefly describes the different kinds of information flows that can result in losses of privacy and the private costs and benefits to the participants in these information flows.
Admati suggests that the widely held view that 'holding equity is costly' results from a focus on the private costs to bankers and their shareholders of not being able to pass on risk to creditors and taxpayers in this way.
Policymakers seek to minimize the total energy-related social costs, which include both private costs, [c.sub.i](.), and the social damages associated with energy consumption, such as increased climate-change-related harms from increased greenhouse gas emissions.
His comments follow those of Labour's South Shields MP Emma Lewell-Buck, who said in Parliament in December that mourners wishing to avoid what some see as the stigma and shame of a "pauper's funeral", face average private costs of PS3,551, which rises to as much as PS7,000 in some areas.
birth rate is nearly ideal for overall standard of living, but that birth rates in parts of Asia and Europe are so low that they reduce living standards when public and private costs are included.
Mourners wishing to avoid what some see as the stigma and shame of a "pauper's funerals", face average private costs of PS3,551, which rises to as much as PS7,000 in some areas.
Specifically, individual voters will choose levels (equating marginal private benefits and marginal private costs) that are in excess of those which equate marginal social benefits and costs, a classic "externality" case in the jargon of economics.