Various teaching links: opportunity costs

Here's a new report, November 6, 2014 The Economic Cost of the European Union's Cookie Notification Policy. It says"EU's HTTP Cookie Notification Policy is costing Europe $2.3 billion a year and needs to go".

 

How do they get that figure? Part of the costs are  costs of monitoring and software changes.  But part are the time it takes to read the notification and delete it (2 seconds per user) times their wage per hour.  This gives an EU figure of $917bn Euros per year for all the EU users (its a short time, but there are many users).

Based on this data, the projected

productivity

cost of the EU cookie policy for

Europeans

each year is just over €

72

6

million or $

917

million.