Understanding externalities is important and, as you illustrate, far too often overlooked by decision makers. Climate change, ecological damage and pollution are three glaring examples where returns are artificially inflated, prices artificially reduced and costs to the public increased exponentially.
This is a useful share. Thank you.
Understanding externalities is important and, as you illustrate, far too often overlooked by decision makers. Climate change, ecological damage and pollution are three glaring examples where returns are artificially inflated, prices artificially reduced and costs to the public increased exponentially.