Lecture 11: Theory of Externalities and How Nuclear Power Is Regulated by the NRC // TRAIN BRAIN

Lecture 11: Theory of Externalities and How Nuclear Power Is Regulated by the NRC

MIT 22.04 Social Problems of Nuclear Energy, Fall 2025
Instructor: R. Scott Kemp
View the complete course: https://ocw.mit.edu/courses/22-04j-social-problems-of-nuclear-energy-fall-2025/
YouTube Playlist: https://www.youtube.com/playlist?list=PLEd-FHe0va8k
This lecture describes the economic principles of externalities and how they affect the electric markets. It presents the argument for regulation as a means of mitigating externalities, and how the NRC attempts to regulate the safety nuclear power, including issues such as regulatory capture.
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