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How do you deal with things which have no effective market? e.g.ChloroFlouroCarbons, where the cost is borne by people distant from the obvious transaction.
by arbitrarywords 16y ago
How do you deal with things which have no effective market? e.g.ChloroFlouroCarbons, where the cost is borne by people distant from the obvious transaction.
- thefool 16y agoExactly, you also need something like a government to make people internalize externalities.