I read your blog, and love seeing your comments pop up in other blogs I also read. I am just from Utah, not so exotic (but perhaps surprising, a little).
In addition to the economics, you have a great heart. That keeps me coming back.
Is the summing of consumer and producer welfare even more iniquitous when each include a compensation for risk? Because there is a non-zero covariance when consumers as tax payers and the ultimate back stop of the state. This seems to matter because what is being evaluated here are policies with large risks.
2 comments:
I read your blog, and love seeing your comments pop up in other blogs I also read. I am just from Utah, not so exotic (but perhaps surprising, a little).
In addition to the economics, you have a great heart. That keeps me coming back.
Is the summing of consumer and producer welfare even more iniquitous when each include a compensation for risk? Because there is a non-zero covariance when consumers as tax payers and the ultimate back stop of the state. This seems to matter because what is being evaluated here are policies with large risks.
Lavanito
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