The Problem of Social Benefit
[...]relatedly, it is often easier to price a loss than a gain. If a logging company plants a forest so it may harvest lumber in the future, it is unable to (directly) reap the added benefits of carbon capture that the forest provides to society. [...]carbon-offset credits enable the logging company...
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| Veröffentlicht in: | Stanford social innovation review 2021-10, Vol.19 (4), p.34-39 |
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| container_title | Stanford social innovation review |
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| creator | Nagle, Frank |
| description | [...]relatedly, it is often easier to price a loss than a gain. If a logging company plants a forest so it may harvest lumber in the future, it is unable to (directly) reap the added benefits of carbon capture that the forest provides to society. [...]carbon-offset credits enable the logging company to capture additional value from the positive externality it creates by planting trees. [...]jabs provide spillover benefits (positive externalities) to society in the form of lower health-care costs (in general, the cost of getting a vaccine is much lower than the cost of being treated at a hospital for a serious disease) and lower likelihood of disease transmission. Any one person is unlikely to directly reap any of these spillover benefits in a form that is tangible to them. [...]the cost-benefit analysis behind an individual's decision to get vaccinated does not factor in the societal benefits. |
| format | Magazinearticle |
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| fulltext | fulltext |
| identifier | ISSN: 1542-7099 |
| ispartof | Stanford social innovation review, 2021-10, Vol.19 (4), p.34-39 |
| issn | 1542-7099 |
| language | eng |
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| source | Business Source Complete |
| subjects | Carbon Collaboration Collective action Coronaviruses Costs COVID-19 vaccines Disease transmission Economics Economists Externality Global warming Greenhouse gases Immunization Pollution Society Subsidies Taxes Technological change |
| title | The Problem of Social Benefit |
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