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Technological externality

External effect that is not actively or voluntarily processed through markets, resulting in economic inefficiency; occurs when some firm or individual uses an asset without paying for it (or, more technically, when one productive activity changes the amount of output or welfare which can be produced by some other activity using a given amount of resources). Negative technological externalities reduce the amount of output or welfare an economy can produce with a given allocation of inputs.
Document
Glossary
Context
EU Policy
Origin document

The Social Costs of Transport - February 1997

Release