According to the usual definition of externalities, anything we do would qualify for regulation by the state.
Predrag Rajsic
Predrag Rajsic is a postdoctoral researcher in the Department of Food, Agricultural, and Resource Economics at the University of Guelph in Ontario, Canada. See his blog.
Latest work
Imagine you are a promising car mechanic who wants to open a new car repair shop. You would like to provide basic services to low-income citizens at affordable prices. You would charge a bare minimum...
Crony capitalism is everywhere around us. We are so used to it that we often don’t even notice it. Any time a privately-owned business uses its influence on government officials (e.g., friendship...