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Rescooped by Miss Meeajan from Year 1 Micro
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Public Goods: Flood Defences and Floods

The recent flooding highlights market failure as insurers refuse to provide cover to households. Cover is provided as long as the state funds flood defences. Would a tax or levy on insurers really be a viable solution?
Via Matt Smith
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Rescooped by Miss Meeajan from Year 1 Micro
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Government Intervention. Minimum Price on alcohol.

Government Intervention. Minimum Price on alcohol. | Externalities | Scoop.it
In addition to a ban on discounts for multiple-bottle purchases, the Government is also said to be considering a minimum price of 40p per unit of alcohol. (#ECON1 Demerit goods, government intervention and price floors.
Via Matt Smith
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Rescooped by Miss Meeajan from Year 1 Micro
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Demerit Good: Video. Pros and cons of minimum alcohol price

Demerit Good: Video. Pros and cons of minimum alcohol price | Externalities | Scoop.it
Professor Sir Ian Gilmore from the Alcohol Health Alliance UK and the author of a report on minimum pricing, Christopher Snowdon, discuss the pros and cons of a minimum price on alcohol.
Via Matt Smith
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