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EXTERNALITIES: A CRITIQUE OF FALSE REPRESENTATIONS
Journal: Bulletin of Taras Shevchenko National University of Kyiv. Economics (Vol.151, No. 10)Publication Date: 2013-09-17
Authors : A. Otroshko;
Page : 48-50
Keywords : externalities; the Coase theorem; public goods;
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Abstract
The article refutes some of the misconceptions about the externalities. Particular attention is paid to the critical analysis of traditional approaches to the justification of the need for government intervention in markets in the case of externalities.
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