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Cake day: October 27th, 2024

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  • Parking fines follow the costs-by-cause principle. Thus, qualifying them makes their size dependent on their damage.

    Parking in a fire department safety zone resulting in a delayed fire response can be costly, but even if no fire response was delayed, there’s an opportunity cost for the fire department, because they need to buy way-clearing devices or extended fire response tools, if there is high likelihood of blocked zones or passage.

    There is a whole department of economic science dealing with this, the internalisation of external costs into economic activity (carbon tax is an example).