6 ms·
Externalities that aren't priced in are distorting markets and the price mechanism in the same way as subsidies. Estimation certainly looks tricky, but I'd hope
by the_why_of_y 7y ago
Externalities that aren't priced in are distorting markets and the price mechanism in the same way as subsidies. Estimation certainly looks tricky, but I'd hope they at least get the order of magnitude right.