tag:blogger.com,1999:blog-2473166537823294555.post4643505336162059532..comments2023-11-02T06:04:23.552-04:00Comments on Back to the Drawing Board: Does the Fact that Individuals Discount Entail the Existence of a Social Discount Rate?Dannyhttp://www.blogger.com/profile/14933199894935324897noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2473166537823294555.post-66894872809454033382008-08-27T01:06:00.000-04:002008-08-27T01:06:00.000-04:00A garbage dump way be "worth it" if the Hmong (say...A garbage dump way be "worth it" if the Hmong (say, collectively) will agree to host the dump for a price, and the price to the buyers is acceptable. Then both groups benefit. It's similar to the famous Coase solution to pollution and like problems: the parties negotiate and one of four things happens: (1) the factory pays for and installs filters; (2) the factory pays the victim to shut up; (3) the victim pays the factory to install filters; (4) the victim endures the pollution, whatever is cheaper.Anonymousnoreply@blogger.com