Difference between revisions of "Spillover"
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Latest revision as of 21:45, 2 June 2020
Spillover is when a market exchange affects a third party who is outside or "external" to the exchange; more formally called an externality.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Spillover. When a market exchange affects a third party who is outside or "external" to the exchange; more formally called an externality.
