I plan to use this site to post news, commentary, and analysis of current environment and development issues. Of course, I reserve the right to rant about politics now and then.
Tuesday, September 11, 2007
Why Lead in Toy Paint?
The answer is: it's cheaper. But is it? According to this article paint with high levels of lead sell for 1/3 the price of their lead-less counterparts. So, firms in China buy leaded paint to lower costs and maximize profits - wouldn't Uncle Milton be proud. Are the firms in China bearing all the costs or are there potential market failures here? Let me know what you think?