Keyword: private cost
Condom Economics (3/7/2007)
The externality and time horizon of costs and benefits bedevil college distribution of condoms.
Keywords: casual sex, condom, external benefit, external cost, honor system, opportunity cost, pregnancy, private benefit, private cost, sexually transmitted diseases, short-term vs long term, subsidy, vending machines
Metered Consumption (3/7/2007)
Resource conservation depends on who pays and the time horizon of costs vs benefits.
Keywords: energy conservation metering, energy efficiency, external cost, fixed cost, insulation, internal cost, landlord, life cycle cost, long-term benefit, marginal cost, private cost, property right, short-term cost, social cost, tenants, water