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Certainly, this reveals a limitation of ' externality adders ' approaches.
Concerns were raised whether Faculty Postgraduate Studies Committees had sufficient externality to hear appeal against the results of the coursework component of Masters degrees.
The state of Britain's road and rail system represents a significant negative externality for what is the fourth largest economy in the world.
The loud music produced by the young person is a negative consumption externality to the older person.
This paper combines both approaches in a nonlinear model with multiple steady states due to a production externality.