Doesn’t make sense to use the particular consumer’s preferencces to estimate the cruelty cost. If that’s how we define the cruelty cost it then the buyer should already be taking it into account when making their purchasing decision, so it’s not an exernality.
The externality comes from the animals themselves having interests which the consumers aren’t considering
Doesn’t make sense to use the particular consumer’s preferencces to estimate the cruelty cost. If that’s how we define the cruelty cost it then the buyer should already be taking it into account when making their purchasing decision, so it’s not an exernality.
The externality comes from the animals themselves having interests which the consumers aren’t considering
The issue is that there might be no objective way to compare an animal’s interests to a human’s interests.