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Tuesday, October 28, 2008

A case where marginal benefit exceeds marginal cost

From the U.S. House of Representatives, Transportation and Infrastructure Committee:

Congressional investigators have discovered that thousands of parking tickets incurred by Federal and city employees in government-owned vehicles in Washington, D.C. and New York City have gone unpaid. A report released today by Rep. James L. Oberstar (Minn.), Chairman of the House Committee on Transportation and Infrastructure, reveals that the lack of agency oversight and local government policies on enforcing parking violations have allowed government employees to disregard local parking laws without consequence.
Gee, what a surprise. When the marginal benefit of an activity is positive and the marginal cost of that activity is zero, you see more of said activity.

Your government at work.

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Hi Heavy Lifting,

I'm emailing you in regards to an email I sent to you last month about a partnership, have you had a chance to think about it?

If you have any questions or would more information, please advise me and we can go from there.

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Andrew Knight.
Website Manager
Banking & Finance Division
Asia-Pacific Region

OMG.com.au Pty Ltd
P: (+617) 3368 2666
E: andrew.knight@omg.com.au
 
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