Name That Externality
How much would you pay?
Manipulating your parents
What the government should do
Famous Doughertys and SD's
100
This activity creates increased financial distress and bankruptcy, elevated crime rates, heightened stress on public and social services, and emotional or psychological harm to families and communities.
Gambling
100
Milk
3.50-4.50
100
"Mom. The old laptop I had was $1200 when it came out, this new one, when you adjust for inflation is the same price."
Anchoring
100
Providing free tampons and pads in public bathrooms significantly reduces absenteeism in schools and workplaces.
Provide them - externality is too great.
100
Home to Mount Rushmore, Wind Cave, and the Badlands
South Dakota
200
Living next to this means higher surrounding property values and lower public health costs from increased physical activity
Public Parks
200
Specialized College textbook
$200-$400
200
"Can we get the more expensive ice cream? It is only 40% fat. Versus the cheap one which is 60% cream."
Framing
200
During physical activity, sports drinks can be dangerous depending on the type of drink, the intensity of the workout, and your age. While sports drinks are generally safe for intense endurance exercise, energy drinks contain dangerous levels of stimulants that can cause severe heart and health issues during sports.
Address asymmetric information.
200
Where Sandi Dougherty is from
San Diego
300
Domestic violence increases during major sporting events due to a combination of high levels of consuming this, high emotional stress from the games, financial losses from gambling, and an abuser's underlying need for power and control.
Alcohol Consumption
300
A woman's haircut and color
$150 and $250
300
"Ok, I will drive to pick up my brother in five minutes or when I finish my homework."
Choice Architecture
300
Want to help farmers? Want to limit the price of carbon?
Price Floors
300
Patrick
400
These protect pregnant women by lowering their risk of severe illness, hospital visits, and dangerous complications from infections like the flu and COVID-19.
Vaccines
400
Property tax (house and car) and sales tax in VA
1.01, 4.57 for 100 dollars, 6.3%
400
You are out of milk. Instead of telling your parents you leave the milk carton on top of the trash lid.
Nudge
400
Meals, hygiene, technology, and supplies should all be provided at schools. In order to determine willingness to pay, the government should look at?
YED
400
Another econ teacher with the same intials
Stephen Dowd
500
No graph here, this term is best illuminated by national defense, street lights, lighthouses.
Public Goods - non-rivalrous and non-excludable
500
How much to raise a child to 18
$303,000
500
"Yes, I have three tests in the next three days, but I have time tomorrow to study in between soccer, school, xc practice, and picking up meema from the airport."
Bounded selfishness
500
Economic research shows that electronic toll collection reduces the psychological "pain" of paying, leading to more frequent toll hikes and 20% to 40% higher cumulative rates than would persist under cash-only systems.
Toll a public commodity
500
James