Interacting Externalities KU Leuven
Living in a country with one of the highest population densities in Europe (such as Belgium), raises the chance of an individual being confronted with one or more externalities (OECD Environmental Performance Reviews Belgium, 2007). Externalities are by definition experienced by other people than the ones causing them as a side-effect of their production or consumption. Moreover, the cost of these externalities is typically not accounted for in ...