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For instance, smoking in a public restaurant creates a negative externality because secondhand smoke can affect nonsmokers and worsen their long-term health outcomes
In individual cases it sometimes runs a bit over or comes up a little short, but on average, the forecasted shortfalls are neatly offset by the estimated added revenue
The institutional capacity of the judiciary makes life tenure especially necessary
"But we call it a total victory on all fronts." Friday's decision is the latest step in a case that has been before the courts for more than 20 years
