Private swimming pools can be dangerous. There are serious accidents each year in those areas of the United?
Juswannakno asked:
States where backyard pools are common. Should pools be banned? In other words, should the market for swimming pools be eliminated? Answer this in terms terms of producer and consumer surplus.
Freeman
States where backyard pools are common. Should pools be banned? In other words, should the market for swimming pools be eliminated? Answer this in terms terms of producer and consumer surplus.
Freeman
July 5th, 2008 at 2:31 am
NO! A ludicrous suggestion. A fork can be dangerous but banning them makes no more sense than your example.
July 8th, 2008 at 5:27 am
Honestly, it’s the owners and their ignorance. Should we ban cars too, because those kill way more people than swimming pools do? What about cigarettes? Red meat? Heck, even walking across the street can be dangerous, should we stop doing that too?
If someone is properly educated as to the use, I don’t have a problem with them having a pool. Everybody should be taught how to protect themselves and others through simple safety measures (lockable fencing around the pool, not leaving children unattended, etc.).
July 11th, 2008 at 8:26 am
OK, to the first two people that answered, you obviously have never taken an econ course in your life. You completely missed the point of the question. You might want to keep your answers to topics you have knowledge on.
There really isn’t a lot to go on here to answer things in terms of producer and consumer surplus. The angle I would take on this is there is nothing forcing people to buy and use the pools. There is an obvious demand for them despite the risks. If the costs due to the risks of owning a pool to a particular person out weighed the consumer surplus they received from buying and owning a pool they would not buy the pool. Similarly for producers that make pools. If the costs due to the risk of someone buying a pool and suing them because of an accident was greater than what then the producer surplus they would not sell pools.
July 14th, 2008 at 1:21 pm
No.
And maybe you should do your own homework.