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Definitions for "Positive externality"
Keywords:  spill, consumption, noncitizens, contagion, tourism
Related Terms: Externalities, Externality, Public good, Beneficial, Public goods, Free rider, Multifunctionality, Biosecurity, Beneficial use, Organic agriculture, Tri, Health effect, Environmental restoration, Prp , Ncp , Agency for toxic substances and disease registry, Cleanup, Subsidies, Environmental justice, Exposure, Action level, Resources, Safeguards, Exclude, Superfund, Polluter pays principle, Federal insecticide, fungicide, and rodenticide act, Comprehensive environmental response, compensation, and liability act, Cleanways, Economy, Occupational exposure, Institutional controls, Industrial hygiene, Economic, Cercla, Brownfields, Fraternal benefit society, Sanitary, Toxic release inventory, Remedial action, Hazardous materials, Industrial policy, Exposure, Cross-contamination, Benefits, Eap, Habitat conservation plan, Opp, Secondary effects
the situation in which benefits spill over onto someone not involved in producing or consuming the good.
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A beneficial externality; that is, a beneficial effect of one economic agent's actions on another. Considered a distortion because the first agent has inadequate incentive to act. Examples are the attractiveness of well-kept farms for the tourism industry (a production externality) and reduced contagion of disease due to vaccines (a consumption externality).
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a benefit that goes beyond the individual to society at large
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