RE: Externalities Explained (Video)
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“Models and theoretical instruments of spatial statistics and spatial data analysis to analyse various economic effects such as externalities, interactions, spatial concentration and many others”
(Pucha que suena linda la wea oh) 😎
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What concerns me is that the effect of negative externalities are not always immediately observed or confined to particular areas. Then comes the problem of pricing the externality. Do we price the costs of intervention? Do we price the cost of the damage? Then comes the implementation and payments to those affected. It is not easy problem solve.
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