I agree that econ 101 models are sometimes incorrect or inapplicable. But
I don’t know how much that additional cost is, but seemingly less than the benefit, because three months later, the whole of Germany wants to introduce this card. The introduction has to be delayed by some legal issues, and then a few counties want to introduce it independently. So popular is this special card!
The argument here seems to be that the card must satisfy a cost-benefit analysis or it wouldn’t be so popular, and I don’t buy that either.
I agree that econ 101 models are sometimes incorrect or inapplicable. But
The argument here seems to be that the card must satisfy a cost-benefit analysis or it wouldn’t be so popular, and I don’t buy that either.