Substantial differences in public opinion when people are surveyed by phone versus online. pewresearch.org/2015/05/13/fro… http://t.co/nD2fhCT7o4—
Justin Wolfers (@JustinWolfers) May 14, 2015
The robots are coming, the robots are coming to property values
16 May 2015 Leave a comment
in applied price theory, economics of media and culture, entrepreneurship, industrial organisation, survivor principle, technological progress, transport economics, urban economics Tags: agglomeration, compensating differentials, creative destruction, driverless cars, drones, entrepreneurial alertness, land prices, land supply
A few years ago, Casey Mulligan wrote a fascinating little op-ed about the impact of drones on land prices and urban living.
As drones and driverless cars make it cheaper to move people around cities, the value of inner-city land will fall simply because their proximity to the action has diminished.
With drones and driverless cars, it will be easier to bring something in on the just-in-time basis rather than have it on hand as inventory or within walking distance because traffic congestion makes it too slow to call it up from the suburbs through the conventional commercial transport.
But we live in a world of trade-offs. More people may want to move into the city because it’s so much easier to move around and call things up by drone, driverless car and the share economy, so this may intensify agglomeration effects and increased land prices. Another big day out for the two handed economist.
What can we see in the night sky
15 May 2015 Leave a comment
in economics of media and culture Tags: space
Creative destruction and the Internet
15 May 2015 Leave a comment
in economic history, economics of media and culture, entrepreneurship Tags: creative destruction, entrepreneurial alertness, Internet, technology diffusion
Digital News readers are cheapies
14 May 2015 Leave a comment
in economics of media and culture, entrepreneurship, industrial organisation, survivor principle Tags: creative destruction, digital media, entrepreneurial alertness, legacy media, newspapers
Creative destruction in magazines
13 May 2015 Leave a comment
in economic history, economics of media and culture, entrepreneurship, industrial organisation, survivor principle Tags: creative destruction, entrepreneurial alertness, Internet, legacy media, magazines, market selection
Country names in their official language
13 May 2015 Leave a comment
in economics of media and culture Tags: maps
The Death of the One-Hit Wonder
13 May 2015 Leave a comment
in economic history, economics of media and culture, entrepreneurship, Music Tags: consumer sovereignty, creative destruction, entrepreneurial alertness, market selection, one-hit wonders, superstar wages, superstars, The meaning of competition
In a recent article, The Atlantic argues that while record labels used to be able to determine which songs would become radio hits, stations now rely more heavily on consumer preferences.
In short, iHeartMedia, the conglomerate that owns 850 radio stations, doesn’t care about the desire of the music industry for a quicker hit cycle so they can sell more units. They just don’t want you to change the channel — and the best way to keep you tuned in is to keep playing the same songs.
Another factor is that 1% of artists earn 77% of all revenues from recorded music. Modern music is dominated by superstars. Some of these are quite old superstars from many decades ago when they first had their first hit. The industry circling its wagons:
Just as the movie industry seems to be relying more heavily on sequels, the music industry is putting more emphasis on promoting established artists.
In a turbulent marketplace, record companies are liable to be more risk averse. Developing new artists who might hit it big is less appealing when the prize is projected to get smaller.
Creative destruction in newsrooms
11 May 2015 Leave a comment
in economics of media and culture, entrepreneurship Tags: creative destruction, entrepreneurial alertness
U.S. Newsroom employment is down to a 30-year low, as the #newspaper crisis continues statista.com/topics/994/new… http://t.co/teMPPAkAEd—
Statista (@StatistaCharts) September 18, 2013
No signs of a newspaper crisis in Asia and Latin America (as of yet) statista.com/topics/994/new… http://t.co/701eDUPVOy—
Statista (@StatistaCharts) June 05, 2013
An early film clip on the announcement of a successful polio vaccine
11 May 2015 Leave a comment
in economics of media and culture, health economics Tags: polio, vaccines
Great white shark surfaces metres away from film crew in photo | Daily Mail Online
11 May 2015 Leave a comment
in economics of media and culture
Americans and scientists agree more on vaccines than on other hot button issues
11 May 2015 Leave a comment
in economics of media and culture, environmental economics, global warming, health economics Tags: Anti-Science left, anti-vaccination movement, climate alarmism, global warming, vaccinations, vaccines
Americans and scientists agree more on vaccines than on other hot button issues. 53eig.ht/1CWsmPq http://t.co/M7eeDWgQoL—
(@FiveThirtyEight) February 07, 2015
Utopia, you are standing in it! 
Recent Comments