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Originally Posted by Voidwar  By the way, in case your addled mind allowed it to slip again, THIS is the point you are currently dodging . . . |
Answered it dear boy! Your failure to appreciate that reflects your total failure to entertain the theoretical and empirical literature. Externalities ensure that the market price is sub-optimal. There is no debate in that. Once the externalities are demonstrated (and they have been via the use of several peer refereed journals), that is the correct conclusion. Its a conclusion used in the paper that you haven't read too...