Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

spillover

Read a random definition: first degree murder

A quick definition of spillover:

Spillover: When someone does something that affects other people or the environment around them, it can have positive or negative consequences. These consequences are called externalities. A positive externality is when someone's actions benefit others without them having to pay for it, like when a neighbor plants a beautiful garden that everyone can enjoy. A negative externality is when someone's actions harm others without compensating them, like when a factory pollutes a nearby river and makes it unsafe for people and animals to use. Spillover is another word for externality, and it's important to consider these effects when making decisions that impact others.

A more thorough explanation:

Spillover is a term used to describe the unintended consequences of economic activity. It refers to the social or monetary effects that occur as a result of an individual or business's actions, which can either benefit or harm others without compensation.

For example, if a factory releases pollutants into the air or water, nearby residents may experience negative health effects or damage to their property. This is an example of a negative externality, where the factory's actions harm others without paying for the damage caused.

On the other hand, if a homeowner invests in landscaping their property, it can increase the value of neighboring homes. This is an example of a positive externality, where the homeowner's actions benefit others without receiving compensation.

Spillover effects can have significant impacts on individuals and communities, and are an important consideration in economic decision-making.

spigurnel | spillover theory

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
babycat
16:00
@shaquilleoatmeal: I’ll stop by just for you. I gotta grind out some of my last essays tn.
shaquilleoatmeal
16:02
@soyalmondoatmilk: im weak af, can't handle that spicy cashew lmao
shaquilleoatmeal
16:03
@babycat: 😘 see you in a bit, grind out those essays before you hop back on
shaquilleoatmeal
16:04
appreciate the non wink since you didn't appreciate it them then lol
babycat
16:06
I'll do it for you ;)
16:06
Tough to justify attending a law school where the admissions office does epic resistance political commentary at the info session
BulbasaurNoLikeCardio
16:07
making me feel jealous here wow, I am about to go taste test a bunch of deserts for our baby shower this weekend.
BulbasaurNoLikeCardio
16:07
@milktoast: what school got political at an info session?
shaquilleoatmeal
16:11
nothin to be jealous about, i've been trying to slide into babycats dms but shes got a long line I guess I gotta wait in to see if I can get in lmao
babycat
16:11
omg if you get into ASU they give you travel expense reimbursement to go there for a visit. does anyone know which other schools do this? I'd love to get a comped vacation
shaquilleoatmeal
16:12
think BU gives you $300 or somethin
ClassyPleasantHeron
16:12
Where is ASU getting this kind of $$$ from? They waive CAS fees too.
babycat
16:13
@shaquilleoatmeal: yeah but then you have to go to Boston :(
shaquilleoatmeal
16:14
uva too
shaquilleoatmeal
16:14
whats wrong w boston ;(
GOT PROMOTED YAY how do i tell law schools abt this?
like do i type up and separate doc and send as an attachment? how much do i write?
shaquilleoatmeal
16:15
@jackfrost11770: LFGGGG
TYYYYYY
shaquilleoatmeal
16:16
do any of your schools have updated sections in the portal? If so, i'd upload there, if not email. Small paragraph should do it id think
1a2b3c4d26z
16:16
Who wanna play some operation metro later on
1a2b3c4d26z
16:16
Congrats jack!
thank you!!
babycat
16:16
@jackfrost11770: personally I would submit an updated resume reflecting the new position instead of a paragraph but idk what SOP is
getting a bacon egg and cheese in celebration
1a2b3c4d26z
16:18
lfg baby you earned that
babycat
16:20
also congrats!! big win
initiallaw
16:23
congrats!!
:D
the big W is that i get reimbursed for travel now thank GOD
LSD+ is ad-free, with DMs, discounts, case briefs & more.