Lecture 04: Externalities in Practice II

Transcript

[SQUEAKING] JON GRUBER: Today, talking about continuing smoking, to remind you where the consumption of First of all, we So if smokers just sit on a is the damage it And we started-- and and when they actually was increased health care costs. Health care costs. And we said, is If smokers pay for They've internalized it. It's only externality if The... Read More