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Blog

Confusing merit and demerit goods!

Ben Cahill

8th March 2012

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Two legs bad, four legs good as the animals would say. Demerit goods bad, merit goods good as the economists would say. And it is generally accepted that cigarette smoking is a demerit good and education is a merit good. But unfortunate placement of advertising on a school bus meant that the message was not quite what was intended!

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Ben Cahill

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