Economists differentiate between pecuniary externalities, which involve price changes, and non-pecuniary externalities, which involve tangible goods and services, although the distinction can be complex. via The source of this content is Marginal Revolution.
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Tyler Cowen discusses how rental markets are expanding to encompass various goods and services, even including a news story about parents renting out babies to beggars.
via The source of this content is Marginal REVOLUTION.Tyler Cowen discusses the economics of free parking, arguing that minimum parking requirements lead to an oversupply of parking spaces and incentivize driving.
via The source of this content is Marginal REVOLUTION.Tyler Cowen argues that the US should have followed Germany's lead and paid to keep workers employed during the recession.
A UC San Diego study found that a global business of solving CAPTCHAs thrives on paying people around $1 per 1,000 solved. via Marginal Revolution
Tyler Cowen shares his simple recipe for making corn tamales more enjoyable, using ingredients like Salvadoran crema and optional heated beans. via Marginal Revolution
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