externality
21crowding externality — the effect of one fisherman s catch of a species on another fisherman s catch of the same species, cf. stock externality …
22stock externality — the impact on a non targeted stock of fish caught when a targeted group of fish is harvested, cf. crowding externality …
23network externality — noun An externality arising from network effects …
24Production Externality — Costs of production that must ultimately be paid by someone other than the producer of a good or service. Production externalities are usually unintended and can have economic, social and environmental side effects. Production externalities can… …
25Coase theorem — In law and economics, the Coase theorem (pronounced /ˈkoʊs/), attributed to Ronald Coase, describes the economic efficiency of an economic allocation or outcome in the presence of externalities. The theorem states that if trade in an externality… …
26Social cost — In economics social cost is defined as the sum of private and external costs. Economic theorists ascribe individual decision making to a calculation costs and benefits. Rational choice theory assumes that individuals only consider their own… …
27Pigovian tax — A Pigovian tax (also spelled Pigouvian tax) is a tax levied to correct the negative externalities of a market activity. Pigovian taxes are named after economist Arthur Pigou (1877 1959), who also developed the concept of economic externalities.… …
28Transport economics — is a branch of economics that deals with the allocation of resources within the transport sector and has strong linkages with civil engineering. Transport economics differs from some other branches of economics in that the assumption of a… …
29Locus of control — is a term in psychology which refers to a person s belief about what causes the good or bad results in their life, either in general or in a specific area such as health or academics. It can either be internal (meaning the person believes that… …
30Arthur Collier — (12 October 1680 ndash; September 1732) was an English philosopher.He was born at the rectory of Steeple Langford, Wiltshire. He entered at Pembroke College, Oxford University, in July 1697, but in October 1698 he and his brother William became… …
