Posts Tagged ‘increasing marginal utility’

  • Water price ceilings create distorted price incentives

    A Water Shortage During Brazil’s World Cup

    Mar 26, 14 • 180 Views • Behavioral Economics, Demand, Supply, and Markets, Developing Economies, Government, Lifestyle, Sports, Thinking EconomicallyNo Comments

    A major source of Sao Paulo, Brazil’s water supply has shrunk. Down to 14.7% of its capacity, the Cantareira Basin supplies almost half the area’s water. With little rain until recently (and it’s the rainy season from December to March) and