Posts Tagged ‘negative externality’

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    More Taxing Decisions

    May 21, 10 • 125 Views • Demand, Supply, and Markets, Economic Thinkers, GovernmentNo Comments

    Would you support a penny an ounce tax on sugar sweetened beverages? According to the NY Times and The New England Journal of Medicine, the idea is becoming increasingly attractive to many municipalities. By putting on our economic glasses, we can better...

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    A $5,000.00 Taxi Ride

    Apr 19, 10 • 123 Views • EnvironmentNo Comments

    Hearing that actor John Cleese took a Mercedes taxi from Oslo to Brussels for about $5,000 because the Icelandic volcano eruption prevented him from flying, an economist would say, “That is a positive externality.” Economists see positive...

  • A Very Expensive Traffic Ticket

    Jan 30, 10 • 111 Views • Thinking EconomicallyNo Comments

    Recently, in eastern Switzerland, an affluent driver who was exceeding the speed limit by more than 35 miles an hour received a ticket. The ticket sounds like a predictable penalty; the fine, however, was not. The fine totalled $290,000 because it was based...