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The Externalities Game (TEG) To obtain a deeper understanding of the concepts reviewed so far, class time will be devoted to playing the Externalities Game. By definition, an externality is a second party effect arising
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Document Date: 2013-11-25 09:59:48
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File Size: 17,53 KB
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Event
Environmental Issue /
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Position
player /
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SocialTag
Welfare economics
Social cost
Externality
Game theory
Market failure
Economics
Costs