If I build a factory that dumps toxic sludge into the water supply, that’s not sustainable and yet it might be quite profitable in the absence of regulation.
Airbnb doesn't have massive uninternalized externalities. The preconditions of the Coase theorem are pretty close to being met when it comes to house rental.
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If I build a factory that dumps toxic sludge into the water supply, that’s not sustainable and yet it might be quite profitable in the absence of regulation.
Airbnb doesn't have massive uninternalized externalities. The preconditions of the Coase theorem are pretty close to being met when it comes to house rental.