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APPLYING ECONOMIC CONCEPTS TO PUBLIC POLICY DEVELOPMENT

thority issue permits for the operation. Once the operation was up and running, however, delivery truck traffic between the new source of supply and consumption sites resulted in excessive levels of noise and duet in neighborhoods along the route. The effects of noise and dust constituted a negative externality that affected the residents of those neighborhoods. These residents were not parties to the decision process that led to the development of the gravel supply operation. Costs were imposed on non-consenting third parties, a negative externality. Externalities, thus, are the side-effects of actions tha

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APPLYING ECONOMIC CONCEPTS TO PUBLIC POLICY DEVELOPMENT. (1969, December 31). In LotsofEssays.com. Retrieved 08:40, July 04, 2025, from https://www.lotsofessays.com/viewpaper/2001710.html