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Topic : Do Externalities Justify Regulation of Dating and Marriage Markets?
The definition of externalities involves effects, positive or negative, on third parties. If decisions impose costs on others and decision makers ignore the third-party effects, poor decisions can result. Decisions about dating and particularly marriage can have enormous impacts on our lives and happiness. Do spillover or externality effects justify regulation or litigation of decision in marriage markets? Should a person whose marriage proposal is rejected have the ability to make an argument before either judge or regulator that their interests were not being properly weighted and evaluated in the decision? What about the interests of potential suitors who will never get to try to woo someone because they are “off the market?†If you do not see a parallel between costs imposed on others through production or consumption of goods and services and the “harms†involved in dating and marriage decisions, explain what you see as different from the case of pollution.
Write 2 to 3 pages on this topic.
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