Alternatives and Supplements: Fun on the Internet
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Externalities and Property Rights

What are Externalities?

Free Riders

Tyler Cowen, who blogs at marginalrevolution.com, explains public goods, externalities, and free riders in The Concise Encyclopedia of Economics:
www.econlib.org/library/Enc/PublicGoodsandExternalities.html

"Free" Resources

Armen Alchian explains the economic significance of property rights:
www.econlib.org/LIBRARY/Enc/PropertyRights.html

Externalities and Efficiency

N. Gregory Mankiw argues that a carbon tax is the most promising solution to global warming:
www.nytimes.com/2007/09/16/business/16view.html?ex=1347595200&en=c01f6ef93ec7eb6e&ei=5090&partner=rssuserland&emc=rss

Externalities and Transactions Cost

When economists talk about externalities, they often talk about the Coase Theorem. It is explained here in this short biographical sketch of the contributions to economics of Ronald Coase:
www.econlib.org/LIBRARY/Enc/bios/Coase.html

A Better Mousetrap?

When is bigger better? Here is an article that explains three cases in which bigger is better, cases of economies of scale, network economies, and economies of scope.
www.strategy-business.com/press/16635507/03402


These links were checked on July 5, 2008.


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