Economic Game
0 view | +0 today
Follow
Your new post is loading...
Your new post is loading...
Rescooped by economics01 from Year 1 Micro
Scoop.it!

Negative Externalities: Residents' fear on Tube extension

Negative Externalities: Residents' fear on Tube extension | Economic Game | Scoop.it
Residents in south London are calling for plans to put ventilation shafts in their neighbourhood as part of the extension of the Northern Line to be re-examined.

Via Matt Smith
more...
WACKY ECONOMIST's curator insight, October 6, 2016 3:32 PM
This is another source of negative externalities, specifically based around the field of housing in particular, do to the fact that firstly, a building of a brand new section of the underground railway, can potentially destabilise, their homes, or the homes may have to demolished in the first place to make way for brand new stations, to make it much more convenient to access the line (both of which will require either large spending to keep the house or re-stabilise it, or the tenants having to move elsewhere, which could have large negative costs for them, and neighbours. 
joshua23's curator insight, October 6, 2016 5:28 PM

tfl's plan was to extend the tube line and for this to happen they would have to build 4 ventilation shafts . The extension would increase the amount of passengers on the tube and therefore, increase the revenue the government make from the line. However, this  has created the negative externality of noise pollution and general pollution.

 
Rylan's curator insight, October 11, 2016 5:17 PM

The negative externality of this would be those who are not a commuter of the tube in this area will face a social cost. This therefore creating a negative exteranlity. This is evident whereby these tubes will create noise pollution and emissions. To reduce the affect of the exteranlity, the government should make residents living in this area pay less for there houses.

Rescooped by economics01 from Year 1 Micro
Scoop.it!

Demerit Goods: Graphic anti-smoking ad launched

Demerit Goods: Graphic anti-smoking ad launched | Economic Game | Scoop.it
A series of hard-hitting government adverts featuring people smoking cigarettes with a tumour bulging from them is being launched in England.

Via Matt Smith
more...
Matt Smith's curator insight, December 28, 2012 2:48 AM

Advertising Campaign. Aim demand cause a shift to the left in demand.

Mr Jones's curator insight, November 20, 2013 10:36 AM

Aren't high taxes enough? Will this policy be more effective?

Rescooped by economics01 from Year 1 Micro
Scoop.it!

Education and government failure


Via Matt Smith
more...
Matt Smith's curator insight, December 23, 2012 4:25 AM

A superb blog covering everything you need to know about Education and Market Failure.