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In economics, everything is on the margin. In engineering, constraints tend to define tradeoffs. If we look at the population, then for everyone that needs/wa
by CompelTechnic 9y ago
In economics, everything is on the margin. In engineering, constraints tend to define tradeoffs.
If we look at the population, then for everyone that needs/wants a car of size X, age Y, and cost Z, then fuel efficiency regulations that increase the engineered complexity of the vehicle will push up the cost and mean the consumer has to trade off with a smaller car, older car, or some other aspect.
Discretizing the population into poor people that can't afford a truck and rich people that can is meaningless when there is an entire distribution of people's incomes and spending preferences.
- patentatt 9y agoBut the assertion was that environmental regulation was regressive, in that it disproportionally impacts those on the lower end of the socioeconomic spectrum. So I was trying to show, a bit ham-fistedly maybe, that incrementally more expensive new vehicles do not impact the lower socioeconomic rungs very much.