Externalities are the incidental effects that the activities or actions of one party have on another party. Positive externalities occur when the actions of a person or entity have a positive impact ...

Good sex might be priceless, but there’s still a market for it. Ideally, such a market doesn’t involve money—but demand is rampant, supply plentiful, and the exchange goes on every day in every way.

Wine growers everywhere fear spring frosts. New vine buds emerge in the spring and are highly susceptible to freezing temperatures which can kill them and result in significant crop loss for the year.

Most economic externalities can be efficiently solved through a system of private property rights, in which costs and benefits can be negotiated.

Log-in to bookmark & organize content - it's free! Economist Paramo Sanyal of the Brattle Group discusses the the Universal Service Fund, which subsidizes telephone service for low-income customers, ...

Consumption, production, and investment decisions of individuals, households, and firms often affect people not directly involved in the transactions. Sometimes these indirect effects are tiny. But ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Katrina Ávila Munichiello is an experienced editor, writer, fact-checker, and ...

The multi-layered nature of spaces is captured by real estate values that are sensitive to material, people, and place variables. What individuals, households, and firms consider when making purchase ...