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A comment on The computers are fast, but you don't know it. Parent comment
The other parties are other parties besides the buyer and seller.
> Moreover, even if you want to limit externalities to being completely third-party... sure: Pollution. More electrical generation capacity needed.
^this is an externality, everything else is just a poor understanding of the concept.
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The other parties are other parties besides the buyer and seller.
> Moreover, even if you want to limit externalities to being completely third-party... sure: Pollution. More electrical generation capacity needed.
^this is an externality, everything else is just a poor understanding of the concept.