Cobi Smith edited Social_costs_socially_optimal_level__.md  almost 9 years ago

Commit id: 5a83df252cd940e627db502f3cd4ec0c43e1445b

deletions | additions      

       

private costs + externality costs    "the idea is to get back to 4 units from 5 units"  you're still getting pollution - you're not getting rid of pollution = but what you say is "it's okay to pollute as long as the benefits are outweighing the costs"  eg. do the costs of noisy students outweigh the displeasure of the silence-loving librarian? What does this mean for astrophysics?