One point made repeatedly in this chapter is that observed market prices are very inaccurate measures of
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One point made repeatedly in this chapter is that observed market prices are very inaccurate measures of opportunity costs. If the government agencies that collect market data were able to produce more accurate opportunity cost data, what sorts of changes might occur over time? (Hint: What lessons can be learned from the 1986 federal law that requires facilities to report toxic releases?)
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Fundamentals Of Risk Analysis And Risk Management
ISBN: 9781566701303
1st Edition
Authors: Vlasta Molak
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