Essays on Spillover

Externality takes place when action of one agent exerts direct impact on welfare of other agent, and this impact is not transferred by market prices. When there are externalities in the market, the social marginal cost is not equal to private marginal cost. Positive externalities compel market to produce less than the socially desirable quantity (Gans, King & Mankiw, 2011). Positive externalities are present in the economy when marginal social benefits are greater than marginal private benefits (Cypher, 2014). There are, however, several examples of economic activities that pave the way to production of positive externalities such as:

Provision of Education

Industrial training ...

The living environment shapes who people are. Naturally, in neighborhoods with a negative criminogenic environment, people often go deviant, and, when they do, it often is at a relatively young age. Researchers have gone to great lengths to study the underlying causes of delinquent behavior of young residents. Poverty appears to be one of the principal driving forces of offenders long with income disproportion, albeit to a far lesser extent. The blockade of opportunities or the means to achieve culturally acceptable norms in the society is also an important motivation. While race is not universally found to cause delinquency, ...

Bovine tuberculosis (TB) refers to a chronic bacterial infection of cattle that distresses some species of mammals. It is a substantial zoonosis that may spread to humans, mainly via the consumption of unpasteurized milk or the inhalation of aerosols. In developed nations, eradication initiatives have eliminated or reduced tuberculosis in cattle. As a result, human disease is currently rare. Nevertheless, reservoirs in wildlife may cause eradication challenging. Bovine tuberculosis remains popular in underdeveloped nations, and severe economic losses may take place from livestock mortalities, trade restrictions, and chronic disease. In some circumstances, this disease can similarly be a grave ...

General Context

The outbreak of the civil war in Syria in March 2011 resulted in the migration of an estimated 9 million Syrians who fled from their homes and sought refuge within their country and in neighboring countries. The United Nations High Commission for Refugees (UNHCR) reported that more than 3 million Syrians have fled to the immediate neighbors including Iraq, Jordan, Lebanon and Turkey. This means that about one-quarter of the population has been displaced from the country. An additional 6.5 million are internally displaced within the country. Over the last two years, the migration of these refugees has worsened ...

Externalities take place when consumers/manufacturers activities have an unintentional or indirect impact on other consumers/manufacturers without affecting prices. According to Sankar, externalities may cause positive and negative effects (6). In other words, if the consumer or a group grants certain benefits to other economic agents, the externality is positive; if any activity is disadvantageous to other groups or individuals, then the externality is negative (7). According to Stiglitz (216), “Externalities arise whenever an individual or firm undertakes an action that has an effect on other individual or firm”. The externalities phenomenon tends to have a spillover effect in the ...

Finance

2016-04-19

Introduction

This paper is devoted to the possible spillover effects between the usual banking and existing shadow banking systems and the impact of regulatory policies on the shadow banking system. The usual banking system consists of the banks and regulatory agencies. In comparison, the shadow banking system is a set of financial institutions, which are not banks, but perform their functions. The issue of the shadow banking system has become more important after recent global financial crisis. The Financial Stability Board has been established at that time. According to experts of this organization, various aspects of the shadow banking ...

1.0 Executive Summary China should consider adhering to ethical requirements in decision making in the future by taking account of the impact made to the larger society and not just their interests

Adopt effective policies that meet the concerns of the global community and not just the interests of China in the exploitation of the rare earth metals 2.0 Introduction In the current global setting, ethical consideration is taken into account to ensure that projects meet their intended goals/objectives in the most efficient way. It, therefore, means that to achieve the desired goals of projects, organizations should not have ...

The River and the Chimp is an analytical book written by David Quammen about how the HIV originated from chimpanzees in an African forest (Quammen, 2015). The acumen of this book challenges the many unscientific beliefs about the origin of HIV and spread. There is a great need to understand where this scourge originated to beat the diverse stereotypical and unscientific beliefs. By examining the works of David Quammen in the book The River and the Chimp, this research paper shall focus on discussing the origin of HIV. The knowledge of the origin of HIV is of immense importance ...

'Work-family balance', or WFB, is the topic that has garnered the interests of academicians, management Tsars, and researchers. With growing competition and stress in the business environment, family life is likely to get affected thereby putting a negative impact on the work productivity. Thus, making a balance between work schedule and family life is of utmost importance if one wishes to have an overall satisfied life. However, identifying related family-specific variables and studying their impact on work-family conflict ( WFC) are some of the pre-requisites to boil down to the balancing part. This paper aims to review the available literature ...

While every theoretical framework has merit, this author believes that many of the dominant theories-- realism (specifically neorealism, in contrast to “classical realism”), liberalism and neofunctionalism--are inadequate in their ability to properly describe the changes that have taken place in recent Turkish international relations. For the purposes of this study, the author has concluded that the most meritorious theories which can be applied towards Turkey are three main bodies of the “New Institutionalisms”: Rational-Choice Institutionalism, Sociological Institutionalism and Historical Institutionalism. These theoretical frameworks have been chosen because of their flexibility. A major drawback of most theoretical models is ...