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| Topic | Liberderpians, do you think Price Gouging during a natural disaster is Good? |
| Balrog0 09/01/17 3:41:00 PM #45: | darkjedilink posted... Unless your regulations can magically increase supply to meet demand, prices will rise. There's no way around this. but what does this have to do with dealing with externalities? externalities are things that increase costs or decrease the benefits for people who aren't in the supply-demand relationship in question many of the approaches to mitigating externalities involve increased prices for or the stifling demand of processes with negative externalities -- for instance, the carbon tax, which is based on the idea that the people who are selling carbon and the people who are buying carbon are not paying the true price of their activities because we don't account for the harm it does to nearby communities who are not necessarily demanding whatever productive process is releasing CO2 or other particulate matter in the air around them --- He would make his mark, if not on this tree, then on that wall; if not with teeth and claws, then with penknife and razor. ... Copied to Clipboard! |
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