[permalink] [id link]
A classic definition influenced by Kenneth Arrow and James Meade is provided by Heller and Starrett ( 1976 ), who define an externality as “ a situation in which the private economy lacks sufficient incentives to create a potential market in some good and the nonexistence of this market results in losses of Pareto efficiency .” In economic terminology, externalities are examples of market failures, in which the unfettered market does not lead to an efficient outcome.
from
Wikipedia
Some Related Sentences
classic and definition
There is a presumption in the classic example of a definition that the definiens can be stated.
Many popular synthesizers are not synthesizers in the classic definition of the word.
In its classic definition, by François-Louis Ganshof ( 1944 ), feudalism describes a set of reciprocal legal and military obligations among the warrior nobility, revolving around the three key concepts of lords, vassals, and fiefs.
His classic definition of feudalism is the most widely known today and also the easiest to understand, simply put, when a lord granted a fief to a vassal, the vassal provided military service in return.
" A classic definition of faith appears in the New Testament: " Faith is the substance of things hoped for, the evidence of things not seen ….
A classic definition of a short story is that one should be able to read it in one sitting, a point most notably made in Edgar Allan Poe's essay " The Philosophy of Composition " ( 1846 ).
The classic definition of Italian Fascism applies to the latter part of the history of the movement in power, when Italy was firmly under the leadership of Benito Mussolini.
Its initial political stance – in the June 1919 Manifesto – includes, however, many elements that would not be normally associated with fascism in the classic definition, including support for democracy ( indeed, the fascist manifesto actually called for greater democratic rights ) and a limited number of social ideas.
The Orange Book, another classic computer security literature reference, therefore provides a more formal definition of the TCB of a computer system, as
The classic definition of Perth has been as a city, and traditional documentation confirms that this has been true since time immemorial.
A circular definition crept into the classic definition of death that was once " the permanent cessation of the flow of vital bodily fluids ", which raised the question " what makes a fluid vital?
While the tickets state the purpose is uniform enforcement of the traffic laws, the real purpose is to generate revenue for this cash-poor city, thus meeting the definition of a classic speed trap.
His next famous case was Chudleigh's Case, a dispute over the interpretation of the Statute of Uses, while his third was Slade's Case, a dispute between the Common Pleas and King's Bench over assumpsit now regarded as a classic example of the friction between the two courts and the forward movement of contract law ; Coke's argument in the case formed the first definition of consideration.
1977 ) – a trademark dispute in which the terms " lite " and " light " were held to be generic for light beer and therefore available for use by anyone – the U. S. Court of Appeals for the Seventh Circuit, after considering a definition from Webster ’ s Third New International Dictionary, wrote that " he comparable definition in the previous, and for many the classic, edition of the same dictionary is as follows :..."
In commonplace usage, it signifies a certain set of well-known classic tales, with a vague distinction of whether they fit the rigorous definition of folktale or not.
Accordingly, vehicles that fit the previous definition of a coupé are often termed as classic coupés.
By their definition some two-door classic coupé cars are not actually classified as coupés but fall under the two-door sedan category.
In Germany the definition of the coupe was finally divided into the classic coupe and 4-door coupe.
While contrary to normal physical intuitions, such omnipresence is logically possible by way of the classic geometric point or its equivalent, in that such a point is, by definition, within all of space without taking up any space.
The classic definition of criminal obscenity is if it " tends to deprave and corrupt ," stated in 1868 by John Duke Coleridge, 1st Baron Coleridge.
Others see the classic period as overlapping the vintage period, especially since the vintage designation covers all vehicles produced in the period while the official classic definition does not, only including high-end vehicles of the period.
classic and influenced
The Caste system in Sri Lanka is a division of society into strata, influenced by the classic Aryan Varnas of North India and the Dravida Jāti system found in South India.
Siege, from Weymouth, Massachusetts, were influenced by classic American hardcore ( Minor Threat, Black Flag, Void ) and by British groups like Discharge, Venom, and Motörhead.
By the late 1960s, referred to as the " golden age " or " classic rock " period, a number of distinct rock music sub-genres had emerged, including hybrids like blues rock, folk rock, country rock, and jazz-rock fusion, many of which contributed to the development of psychedelic rock influenced by the counter-cultural psychedelic scene.
See album This was probably influenced by the ambitious 1970 album by jazz-soul harpist Dorothy Ashby, " The Rubaiyat of Dorothy Ashby ," which has become something of a cult classic.
It is noteworthy that here Le Fanu's historical style is blended with his later Gothic style, influenced by his reading of the classic writers of that genre, such as Ann Radcliffe.
" Don Sumner called The Texas Chain Saw Massacre a classic that not only introduced a new villain to the horror pantheon but also influenced an entire generation of filmmakers.
The Replacements ' music was influenced by classic rock artists such as The Rolling Stones, Faces, Big Star, Slade, Badfinger, and The Beatles as well as punk rock bands such as The Ramones, Johnny Thunders, Dead Boys and The Clash.
How a soil formation proceeds is influenced by at least five classic factors that are intertwined in the evolution of a soil.
Despite its limitations, Durkheim's work on suicide has influenced proponents of control theory, and is often mentioned as a classic sociological study.
E. Michael Jones in Degenerate Moderns argues that Stanley Fish was influenced by his adulterous affairs to reject classic literature that condemned adultery.
Van Ronk would revisit the genre in 1964 with the album " Dave Van Ronk and the Ragtime Jug Stompers ," a modern classic, though his ragtime guitar picking and repertoire influenced many subsequent jug bands.
Modern spoken Lingala is increasingly influenced by French ; French verbs, for example, may be " lingalized " adding Lingala inflection prefixes and suffixes: " acomprenaki te " or " acomprendraki te " ( he did not understand, using the French word comprendre ) instead of classic Lingala " asímbaki ntína te " s / he grasped / held the root / cause not.
In 2007 Kanye West, initially known for more natural sounding hip hop productions influenced by classic R & B music, released his third album Graduation, which featured some songs with a sharp electronic aesthetic, a sound which greatly expanded on West's latest album, where he emphasized synthesizer and vocal manipulations prominently and cited major influences from 1980s synthpop music, as well as from T-Pain, a hip-hop performer known for manipulating his voice by using the electronic effect processor Autotune.
Several of Michael Jackson's videos show the unmistakable influence of the dance sequences in classic Hollywood musicals, including the landmark " Thriller " and the Martin Scorsese-directed " Bad " which was influenced by the stylised dance " fights " in the film version of West Side Story.
The series ' creator, John Kricfalusi — a Ralph Bakshi protege — was largely influenced by the classic works of Bob Clampett.
The band was influenced by vintage rhythm and blues, the early Rolling Stones, classic American girl group songs, and protopunk bands such as the MC5 and The Stooges, as well as glam rockers such as Marc Bolan.
The monkey stories of Japanese folklore have been influenced both by the Sanskrit epic Ramayana and the Chinese classic The Journey to the West.
Play It Loud ( 1970 ), was also influenced by 1960s classic rock but also showed leanings towards a harder rock sound.
This greatly shaped the character of his sound, and greatly influenced the jazz community in such classic tracks as " All Blues ".
This education of classic literature is said to have influenced his artwork.
The school is a boarding school, based on the classic British boarding schools, however it was more influenced by the Protestant faith, hence the German Gymnasium.
It also often includes other modern, classic or ancient languages of the Middle East and other areas that are or have been part of, or influenced by, Islamic culture, such as Hebrew, Turkish, Persian, Armenian and Uzbek.
The close friendship between Finn and Judd became the core of Split Ends ( as the name was changed to Split Enz later on in 1974 ); the band soon started writing together with Judd working out the basic form and lyrics and Finn ( who was strongly influenced by classic British pop like the Beatles, the Kinks, and the Move ) providing melodies.
Bossa nova was also influenced by the blues, but because the most famous bossa novas lack the 12-bar structure characteristic of classic blues, as well as the statement, repetition and rhyming resolution of lyrics typical of the genre, bossa nova's affinity with the blues often passes unnoticed.
1.120 seconds.