Wednesday Links

An argument against Pigouvian taxes or subsidies to correct “market failure.”

The case for Pigouvian taxes.

Too little or too much sleep is associated with dementia.

“The sudden near-disappearance of vultures in India about two decades ago led to more than half a million excess human deaths over five years.” (NYT)

The presence of wolves reduced vehicle collisions with deer by about a quarter, creating an economic benefit that was 63 times greater than the cost of wolves killing livestock.

Housing in NYC:  “They have simultaneously limited short-term rentals such as Airbnb, reducing the number of listings by 80 percent, while at the same time closing 55 affordable youth hostels and spending tax dollars to fill hotels with the homeless and foreign migrants.”