Concentrated benefits and dispersed costs

Thanks to Diana Thomas, and HT to Alex at MR.

The principle of concentrated benefits and dispersed costs is useful in many economics and policy-making applications. And when I think of the distributional effects of big box stores like Wal-Mart, and the opposition they face from people who want to protect “Mom and Pop” stores, concentrated costs and dispersed benefits seems to make much more sense.

 

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