A. Otroshko, PhD in Economics, Assosiate Professor Taras Shevchenko National University of Kyiv, Kyiv EXTERNALITIES: A CRITIQUE OF FALSE REPRESENTATIONS

The article refutes some of the misconceptions about the externalities. Particular attention is paid to the critical analysis of traditional approaches to the justification of the need for government intervention in markets in the case of externalities.

Keywords: externalities, the Coase theorem, public goods.

DOI: http://dx.doi.org/10.17721/1728-2667.2013/151-10/11

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