Econ 120: Externalities
To view this content, you need Adobe Flash Player enabled and installed on your device. If your device supports Adobe Flash, you can download the latest version here.
Watch this video to understand the complex problem of economic externalities and consider the implications for coastal management.
In this short video, our odd little economist explains externalities. Positive and negative economic externalities play out in all kinds of decisions relevant to coastal management, and they can create unexpected winners and losers. Understanding externalities and considering them in coastal management decisions can help us better manage our coasts.