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NZIER has released an “Insight” on internalities – specifically stating that this is one way we could justify some of the costs in the BERL alcohol report as being policy relevant. Eric Crampton discussed the release here. What are internalities? Internalities is the name for the cost associated with not being able to “commit” to […]
Repeat after me: Private costs are not policy relevant Private costs are not policy relevant Private costs are not policy relevant Now when the Law Commision says (on pg 169) (ht Offsetting behaviour): These are controversial issues and the Law Commission is in no position as yet to arbitrate in this debate which has become […]
Following today’s discussion on an addiction study I have realised that I must have an addition. For the last 2 months I have been painfully addicted to a horrendous substance – not drinking (except for this one intervention that was staged about 3 weeks ago). It has had all the negative impacts associated with addiction: […]
Following the incessant blather on the BERL report into the cost of alcohol Ganesh Nana has come out to defend the report (Hat Tip this guy). Why bother? After all we all know that any report on costs will be filled with wild conjecture and pointlessly misrepresented by the public. Well it turns out the […]
As you will have noted all four of the current authours (Matt, Rauparaha, Agnitio, and Goonix) have been running at close to full capacity outside of the blog, and so blog material has been lacking for the last three months. Furthermore, we have barely been able to respond to comments. To help push along blog […]
There have been wild debates surrounding the BERL report into the social costs of alcohol. I haven’t read the report, I haven’t read the replies, I have to admit I have been busy. However, in one of Eric Crampton’s many posts on the issue I see that generally an externality from lost output, excessive unemployment, […]