Goods We Under-consume and Over-consume
Exploring goods that society generally wants more of (merit goods like education) or less of (demerit goods like cigarettes) due to imperfect information or societal values.
Key Questions
- Why might people not consume enough of things that are good for them, like healthy food or exercise?
- Why might people consume too much of things that are bad for them, like sugary drinks or gambling?
- How can the government encourage or discourage the consumption of certain goods?
MOE Syllabus Outcomes
Suggested Methodologies
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