Re:Airbnb and security camera disclosure
by dragonwriter on Wednesday January 16, 2019 @07:38PM
(#18927237)
> It's almost as if AirBnB's hosts and guests are bearing the externalities
If the parties to the transaction are bearing the cost, it's not an externality. It may be a hidden cost, but it's only an externality if it is born by someone outside the voluntary participants in the transaction.
If the parties to the transaction are bearing the cost, it's not an externality. It may be a hidden cost, but it's only an externality if it is born by someone outside the voluntary participants in the transaction.