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Externality — External redirects here. For other uses, see External (disambiguation). In economics, an externality (or transaction spillover) is a cost or benefit, not transmitted through prices,[1] incurred by a party who did not agree to the action causing… … Wikipedia
Coordination game — In game theory, coordination games are a class of games with multiple pure strategy Nash equilibria in which players choose the same or corresponding strategies. Coordination games are a formalization of the idea of a coordination problem, which… … Wikipedia
Glossary of environmental science — This is a glossary of environmental science.Environmental science is the study of interactions among physical, chemical, and biological components of the environment. Environmental science provides an integrated, quantitative, and… … Wikipedia
Ecotax — Ecotax, short for Ecological taxation, can refer to:A policy that introduces taxes intended to promote ecologically sustainable activities via economic incentives. Such a policy can complement or avert the need for regulatory approaches. Often,… … Wikipedia
price system — ▪ economics Introduction a means of organizing economic activity. It does this primarily by coordinating the decisions of consumers, producers, and owners of productive resources. Millions of economic agents who have no direct communication … Universalium
David Cass — For the British footballer, see David Cass (footballer). David Cass Born January 19, 1937(1937 01 19) Honululu, Hawai … Wikipedia
General equilibrium — theory is a branch of theoretical microeconomics. It seeks to explain the behavior of supply, demand and prices in a whole economy with several or many markets. It is often assumed that agents are price takers and in that setting two common… … Wikipedia
Competition law — Antitrust redirects here. For the 2001 film, see Antitrust (film). For laws specific to the U.S., see United States antitrust law. Competition law Basic concepts … Wikipedia
Competition law theory — covers the strands of thought relating to competition law or antitrust policy. Contents 1 Classical perspective 2 Neo classical synthesis 3 Chicago School 4 Othe … Wikipedia
Free market — A free market is a market in which property rights are voluntarily exchanged at a price arranged completely by the mutual consent of sellers and buyers. In a free market, individuals, rather than government, make the majority of decisions… … Wikipedia
Environmental economics — is a subfield of economics concerned with environmental issues. Quoting from the National Bureau of Economic Research Environmental Economics program:Cquote| [...] Environmental Economics [...] undertakes theoretical or empirical studies of the… … Wikipedia