internalization of externalities
1Public sector economics — (or public economics for short) is the study of economic issues that concern the public sector in a mixed economy. While much of economics is based on how markets work, public sector economics focuses on why markets fail, and what issues arise… …
2New institutional economics — (NIE) is an economic perspective that attempts to extend economics by focusing on the social and legal norms and rules that underlie economic activity. Contents 1 Overview 2 Institutional levels 3 Notes …
