The economics of noise: Who pays the price? - News Summed Up

The economics of noise: Who pays the price?


FOR the past two months, Malaysia has been running an unpriced experiment. Every night, across our cities and towns, we have collectively accepted a simple premise: that the private enjoyment of firecrackers outweighs the public cost imposed on everyone else. It is time to question that premise. As a researcher, I am used to thinking in terms of trade-offs and unintended consequences. What we are seeing today is a textbook case: a policy intended to formalise a market has instead expanded consumption while leaving many of its costs unaccounted for.


Source: The Star March 28, 2026 00:52 UTC



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