Posts Tagged ‘negative externality’

  • Air Pollution India

    One City With More Air Pollution than Beijing

    Jan 29, 14 • 377 Views • No Comments

    By Madeleine Vance, guest blogger and student at Kent Place School. On January 17th, the smog in Beijing was so thick that the sunrise was virtually played on television screens around the city. Around the same time, air pollution levels were so dangerous...  [read more]

  • Price Elasticity, dynamic pricing and traffic congestion

    The Cost of Traffic in Fort Lee

    Jan 10, 14 • 803 Views • No Comments

    Have you ever thought of traffic congestion as a queue? Concerned about congestion on Oscar night, engineers in LA have manipulated traffic to keep the limo queues moving. Before Crash won the Oscar in 2006, street-based observers were calling in with,...  [read more]

  • Negative Externality Church Bells

    Church Bell Economics

    Dec 27, 13 • 565 Views • No Comments

    Irritated that church bells had been awakening them before 7 a.m., in 1879 a group of New Yorkers complained to the city Board of Health. They said the chimes violated Section 177 of the Sanitary Code and  endangered their health. Fast forward to 2013. A...  [read more]

  • Online shopping and the high frequency returner

    The Unintended Consequences of Free Shipping

    Dec 25, 13 • 444 Views • No Comments

    I just read about an online shopper who ordered 10 pairs of pants from the Gap and then returned 7. Called a high frequency returner, that same consumer told a WSJ reporter that for Christmas, she buys coats and shoes in different sizes and colors for her 4...  [read more]

  • The Tragedy of the commons causes empty fishing nets.

    A Big Shrimp Problem

    Dec 24, 13 • 285 Views • No Comments

    Because of the holiday, our Wednesday environment blog will appear today. The post has been written by 2 Kent Place students, Megan Ganning and Madeleine Vance. “Sorry, Sir, but the ‘Bay Shrimp’ have actually had to be taken off the menu” will be the...  [read more]