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by: Christ Carroll V


Christ Carroll V
GPA 3.71

Katie Showman

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About this Document

Katie Showman
Class Notes
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Popular in Economic Problems & Policy

This 1 page Class Notes was uploaded by Christ Carroll V on Thursday September 17, 2015. The Class Notes belongs to ECP 4530 at Florida State University taught by Katie Showman in Fall. Since its upload, it has received 98 views. For similar materials see /class/205513/ecp-4530-florida-state-university in Economic Problems & Policy at Florida State University.

Similar to ECP 4530 at FSU

Popular in Economic Problems & Policy




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Date Created: 09/17/15
April 17 h 2012 o Obesity not a specific bad externality o Obese incurring their own costs 0 Economists aim to internalize the additional costs 0 Private market not negative externality no risk pooling with obese 0 Employer and labor markets favor healthy vs obese o Obese earn less lower wages even with aptitude and marital status 0 Illegal for employers to pay differing premiums based on risk 0 Thin paying more than actuarially fair price obese pay less than actuarially fair price 0 Employers exact a weight differential transferring wages from obese to thin since obese earn less Considered offset to risk pooling 0 Not considered negative externality in employer based care 0 Obese don t live as long Pay more in social security yet do not live as long 0 Pigovian possible negative externality obese pay majority of the externality No correction with negative externality tax 0 No basis for sin tax since you cannot consider obese irrational 0 Adult obesity no strong case for the tax Portuguese Drug Decriminalization o No criminal sanctions administrative sanctions possible 0 Depenalization decision to not prosecute change in practice 0 Cost savings less costs associated with trying people in courts 0 UN Conventions members prohibit cultivation manufacturing sale and possession of drugs 0 South Australia 87 forgiveness police ended up prosecuting more arrests increase costs in police 0 Decriminalization and depenalization leads to saving money for criminal justice no change in drug use or health status 0 Not a causal relationship in regards to trend in drug use 0 Mortality rates decrease drug trends fell infectious disease fell heroine moves towards cocaine usage Not causal rates or relationship 0 Small decreases in reported use more large seizures of drug shipments prices decrease


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