PUB3705
ASSIGNMENT 2
DUE: APRIL 2025 (MEMO)
, TABLE OF CONTENTS
1 Introduction ........................................................................... 2
2 The Nature of Externalities
......................................................................................................... 3
2.1 Definition of Externalities
.................................................................................................... 3
2.2 Types of Externalities: Positive and Negative
.................................................................................................... 4
3 The Importance of Externalities for Public Managers
...................................................................................................... 4
3.1 Market Failures and the Role of Public Managers
....................................................................................................... 4
3.2 Government Intervention to Address Externalities
........................................................................................................ 5
4 Practical Examples of Externalities
....................................................................................................... 6
4.1 Environmental Pollution and Public Health ........................ 6
4.2 Positive Externalities: Education and Public Infrastructure
.......................................................................................................... 7
5 Addressing Externalities through Policy
.......................................................................................................... 8
5.1 Pigovian Taxes and Subsidies
......................................................................................................... 8
5.2 Regulations, Zoning Laws, and Public Awareness Programs
....................................................................................................... 8
6 Conclusion .......................................................................... 8
7 References .......................................................................... 7
1
ASSIGNMENT 2
DUE: APRIL 2025 (MEMO)
, TABLE OF CONTENTS
1 Introduction ........................................................................... 2
2 The Nature of Externalities
......................................................................................................... 3
2.1 Definition of Externalities
.................................................................................................... 3
2.2 Types of Externalities: Positive and Negative
.................................................................................................... 4
3 The Importance of Externalities for Public Managers
...................................................................................................... 4
3.1 Market Failures and the Role of Public Managers
....................................................................................................... 4
3.2 Government Intervention to Address Externalities
........................................................................................................ 5
4 Practical Examples of Externalities
....................................................................................................... 6
4.1 Environmental Pollution and Public Health ........................ 6
4.2 Positive Externalities: Education and Public Infrastructure
.......................................................................................................... 7
5 Addressing Externalities through Policy
.......................................................................................................... 8
5.1 Pigovian Taxes and Subsidies
......................................................................................................... 8
5.2 Regulations, Zoning Laws, and Public Awareness Programs
....................................................................................................... 8
6 Conclusion .......................................................................... 8
7 References .......................................................................... 7
1
