The "network" type of thi
The "network" type of this concept, according to Stephen Margolis, can be broken down into autarky and synchronization. Problems associated with them can be resolved through criminalization of an economic activity, though a Pigovian tax is more effective. Social costs are defined as private costs plus the cost of these. The free rider problem concerns positive ones, while negative ones include the Tragedy of the Commons. For 10 points, give this term from economics in which parties uninvolved in an economic decision are nevertheless affected by it.
The "network" type of this concept, according to Stephen Margolis, can be broken down into autarky and synchronization.