Externality

(either positive or negative). Third-party effect or welfare impact, which is both unilateral (i.e. one cannot decide neither whether to suffer it or not nor how much impact to bear), and non-compensated. In other words, an externality stemming from the implementation of a NWRM is a cost (if negative) or a benefit (if positive), which is not directly reflected in the direct costs or benefits of the NWRM but are one of its outcomes. It is a welfare variation expressed in monetary units.

Title Externality
Description (either positive or negative). Third-party effect or welfare impact, which is both unilateral (i.e. one cannot decide neither whether to suffer it or not nor how much impact to bear), and non-compensated. In other words, an externality stemming from the implementation of a NWRM is a cost (if negative) or a benefit (if positive), which is not directly reflected in the direct costs or benefits of the NWRM but are one of its outcomes. It is a welfare variation expressed in monetary units.
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Creators fullname Mojmir Polak
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Add sources for the data used { "data": [ { "@id": "67b69f0d-2acd-43e5-8689-fa7b90f6c086", "title": "Natural Water Retention Measures platform", "organisation": "NWRM project partners" } ] }
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