What “demand is inelastic” actually means
Pollution Carbon Pricing Congestion Pricing Economics for the Rest of Us Traffic User Fees“A carbon tax does nothing for the environment.” “Road tolls won’t affect driving habits.” “Prices don’t matter when we’re using water for everyday life.” We hear these arguments frequently when discussing ecofiscal policies. Critics might even drop a little economics jargon. But that doesn’t mean these arguments are grounded in good economics. In this blog, […]