In short, when externalities are negative, private costs are lower than social costs. There are also positive externalities, and here the issue is the difference between private and social gains. For ...

In short, when externalities are negative, private costs are lower than social costs. There are also positive externalities, and here the issue is the difference between private and social gains. For ...

Higher taxes on marijuana, gambling and tobacco in Ohio would likely cut down on negative impacts but could push consumers to ...

How much of an effect the tax has depends on how price sensitive consumers are when it comes to cannabis, gambling, and tobacco.” ...