The GAOs report will build on a 2014 report on the social cost
For questions involving the long-run efficiency of the payments system, the appropriate measure of social costs
is total cost, including both fixed and variable costs.
In retrospect, environmental sustainability could be viewed as cumulative disturbances of non-optimal deviations from a long-run social extraction path corrected by social re-investments that carry social capital returns exceeding marginal social cost
In the previous figure, one reason the reduction in initiation did not produce a reversal of the upward trend in social costs
was that costs were still going up in delayed response to the growth in initiation over the previous years.
Having laid out the external cost analysis following Pigou, Stigler proceeds to introduce Coase's wandering cattle illustration from "The Problem of Social Cost
My impression is that the book stands for the proposition that more research needs to be done to adequately address the question of how to measure social costs
and reflect these in prices.
Grinols simply ignores the controversy over social cost
studies in the literature.
Some researchers have questioned the precision of social cost
But just 10 days after Cargill publicized her plan, Romney wrote a letter to The Boston Globe declaring, "If someone would bring forth a gambling expansion proposal, it is not something I would support, given our economic circumstances and the social costs
associated with gambling.
The Social Costs
of Underemployment: Inadequate Employment as Disguised Unemployment.
And he exposes the class bias built into such arrests along with the excessive social costs
of the drug war compared to its benefits.
responds to such social indicators could have serious implications and social costs
in the future, says Rice.
The Government said the environmental and social costs
are estimated at pounds 9 billion per year, with more than half due to road congestion.
This book, based on a longitudinal study of the private and social costs
associated with smoking, uses stark, simple terms.
Items such as medical bills put people a further pounds 29 out of pocket while unexpected social costs
, such as birthdays, forced them to spend pounds 20 more than they had budgeted for.