Ocean shipping rates have plunged 60% this year

Re:Ocean shipping rates have plunged 60% this year by deelowe on Wednesday September 07, 2022 @09:53AM (#32750661)

Of course some of those externalities are factored in. This happens via regulation. Here's one recent example: https://e360.yale.edu/features/at-last-the-shipping-industry...

Or do you mean all negative externalities? To me, that seems akin to the coastline paradox.

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Re:Ocean shipping rates have plunged 60% this year by bee_rider on Wednesday September 07, 2022 @10:28AM (#32751082)

The coastline paradox comes from the fact that the length of the coastline is literally undefinable; there's always a closer level of granularity you could use to get a longer coast.

For externalities, it seems like there fundamentally is a correct cost -- doing all the accounting might be a real pain though.

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Re:Ocean shipping rates have plunged 60% this year by RC_ITR on Wednesday September 07, 2022 @10:53AM (#32751433)

The coastline paradox is actually a great example.

You can never price in all externalities, but you sure as hell can improve your pricing of externalities from what it is (in the same way a 1km resolution of coastline is better than a 100,000km resolution)

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Re:Ocean shipping rates have plunged 60% this year by rightbyte on Wednesday September 07, 2022 @01:27PM (#32753495)

Not really. One is kinda a fractal and one is kinda a converging geometrical series I believe?

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Re:Ocean shipping rates have plunged 60% this year by RC_ITR on Wednesday September 07, 2022 @02:18PM (#32754158)

I would love for you to go one layer deeper on how pricing externalities is a converging geometric series.

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Re:Ocean shipping rates have plunged 60% this year by oblio on Wednesday September 07, 2022 @10:53AM (#32751437)

He means the biggest ones.

We're only accounting for a very small percentage of externalities.

Let's not build up strawmen.

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