This paper examines the impact of the emergence of the “gig economy” on the broader labor market by exploiting the staggered introduction of the ridesharing service Uber to American Cities between 2013 and 2018. Using difference-in-differences methods, Callaway and Sant’Anna’s doubly robust difference-in-differences estimator, Chaisemartin and D’Haultoeuille’s time-corrected Wald estimator, and Abadie et al’s synthetic control method, I […]
The economics of ride-sharing
Nuclear power stations can be a beautiful part of the environment.
20 Sep 2024 Leave a comment
in economics of regulation, energy economics, environmental economics, global warming Tags: nuclear energy
Since nuclear is completely clean and green, emitting no gasses, liquids, or anything else, during normal operations, there is no reason why nuclear power stations must be viewed as ugly industrial buildings. They can be made as attractive as a hotel complex or holiday resort.
Nuclear power stations can be a beautiful part of the environment.
Monkeypox and Medsafe
15 Sep 2024 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economics of bureaucracy, economics of information, economics of regulation, health economics, politics - New Zealand, Public Choice Tags: drug lags, economics of pandemics
In a sane world, medicines and vaccines already approved by trustworthy overseas regulators would automatically be able to be used in New Zealand as well.New Zealand is not sane. But neither is anywhere else really on that standard. Other places are just faster than NZ in getting things approved, with more practicable pathways for expedited…
Monkeypox and Medsafe
Plastic Police: DC City Gov’t has plastic straw cops to enforce ban! – DC urges public to ‘submit a tip’ if business or org. is ‘in violation’ by using ‘plastic straws and/or stirrers’ or ‘foam’ cups, plates, bowls or plastic bags
15 Sep 2024 Leave a comment
in economics of regulation, environmental economics, politics - USA
DC has 3 full-time straw cops on the beat to enforce the straw ban. And of course a tip line.
Plastic Police: DC City Gov’t has plastic straw cops to enforce ban! – DC urges public to ‘submit a tip’ if business or org. is ‘in violation’ by using ‘plastic straws and/or stirrers’ or ‘foam’ cups, plates, bowls or plastic bags
Australia Moves Toward Draconian Anti-Free Speech Law
14 Sep 2024 Leave a comment
in economics of regulation, industrial organisation, law and economics, liberalism, politics - Australia, politics - USA, property rights Tags: free speech, media bias, political correctness, regressive left
We have previously discussed how Australia has eagerly joined the plunge into censorship and speech controls, including a court system that has repeatedly refused to protect free speech. It is now on the verge of enacting a new censorship bill that replicates the abuses under the European Union’s draconian Digital Service Act (DSA).
Australia Moves Toward Draconian Anti-Free Speech Law
Why Don’t We Have Flying Cars?
14 Sep 2024 Leave a comment
in economics of regulation, transport economics
In the 1970s the general aviation aircraft industry was selling 15,000 or more aircraft a year but that number fell by a factor of about 10 in the early 1980s. What happened? One factor was a massive increase in tort liability as discussed in my paper with Eric Helland, Product Liability and Moral Hazard: Evidence […]
Why Don’t We Have Flying Cars?
Please legalise new supermarkets
11 Sep 2024 Leave a comment
in applied price theory, economics of regulation, environmental economics, politics - New Zealand, transport economics, urban economics Tags: land supply, zoning
Jaw-dropping bit from the Grocery Regulator, in interview at Interest.co.nz:“What we’ve been told by these players is when they come and they want to open up a large store in New Zealand, the cost to get a spade in the ground is double that of Australia,” he says in a new episode of the Of…
Please legalise new supermarkets
VP Harris hasn’t ‘moderated’ on climate issues – She doubles down on ‘climate crisis’ narrative, still supports net-zero policies that will harm grids, U.S. farming, and domestic energy
11 Sep 2024 Leave a comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, politics - USA Tags: 2024 presidential election, solar power, wind power
KamalaHarris hasn’t “moderated” on climate issues. She doubles down on “climate crisis” narrative, still supports net-zero energy policies that will harm grid stability, agriculture, and all energy-related sectors. Nor does she regret her IRA vote.
VP Harris hasn’t ‘moderated’ on climate issues – She doubles down on ‘climate crisis’ narrative, still supports net-zero policies that will harm grids, U.S. farming, and domestic energy
Uber messy
11 Sep 2024 Leave a comment
in applied price theory, comparative institutional analysis, economics of regulation, entrepreneurship, industrial organisation, labour economics, labour supply, law and economics, occupational choice, politics - New Zealand, property rights, Public Choice, transport economics, urban economics Tags: employment law, Uber
Caught a fun phone call from an accountant after this week’s column over at the Dom Post (and Christchurch Press, etc) on the court’s decision in the Uber case.If Uber drivers are employees, rather than contractors, as the Court sees things, how will depreciation on their cars be handled? Contractors can count all those expenses…
Uber messy
Rent controls make many tenants worse off in the Netherlands
10 Sep 2024 Leave a comment
in applied price theory, economic history, economics of regulation, income redistribution, Public Choice, rentseeking, transport economics, urban economics Tags: rent control
Rent controls have created shortages of housing, every time and in every place that they have been tried. In the latest futile attempt to create working rent controls, the Netherlands has worsened its housing shortage. As Bloomberg reported recently (paywalled, but try this alternative link):Two years ago, Nine Moraal and her two children moved into a…
Rent controls make many tenants worse off in the Netherlands
Uber ruling – driving in the wrong direction
09 Sep 2024 Leave a comment
in applied price theory, economics of regulation, labour economics, labour supply, law and economics, occupational choice, occupational regulation, property rights, Public Choice, rentseeking, transport economics, urban economics Tags: employment law, Uber
Dr Oliver Hartwich writes – Last week, an Uber driver surprised me in a conversation about the recent Court of Appeal decision classifying four Uber drivers as employees rather than contractors. My driver was blunt. He has no desire to be an employee. He values his flexibility to take breaks and drive when and where […]
Uber ruling – driving in the wrong direction
Petrol cars ‘rationed to meet eco targets’
04 Sep 2024 Leave a comment
in economics of regulation, energy economics, environmental economics, global warming, transport economics Tags: British politics, unintended consequences
By Paul Homewood h/t Doug Brodie I predicted this would happen: Car makers are rationing sales of petrol and hybrid vehicles in Britain to avoid hefty net zero fines, according to one of the country’s biggest dealership chains. Robert Forrester, chief executive of Vertu Motors, said manufacturers were delaying deliveries of cars […]
Petrol cars ‘rationed to meet eco targets’
The Cascade of Failures in the Biofuel Industry: A Case of Economic and Environmental Mismanagement
26 Aug 2024 Leave a comment
in economics of regulation, energy economics, environmental economics, global warming, industrial organisation, politics - USA, survivor principle Tags: biofuels
…the biofuel experiment has left behind a trail of bankruptcies, environmental degradation, and unfulfilled promises.
The Cascade of Failures in the Biofuel Industry: A Case of Economic and Environmental Mismanagement
Price Controls Reflect Utter Economic Insanity
25 Aug 2024 Leave a comment
in applied price theory, economics of regulation, entrepreneurship, history of economic thought, industrial organisation, liberalism, Marxist economics, politics - USA Tags: 2024 presidential election, price controls, regressive left, rent control
TweetIn the print edition of tomorrow’s (Friday’s) Wall Street Journal, Richard McKenzie and I explain some of the many unintended ill-consequences of the price controls proposed by Kamala Harris. A slice: Price-control proponents often justify their position by claiming that grocery stores are monopolies. They point to a fantasy economic theory that purports to show how…
Price Controls Reflect Utter Economic Insanity
Tangled Comparisons: Renewables Versus Fossil Fuels
23 Aug 2024 Leave a comment
in economics of regulation, energy economics, environmental economics, global warming, politics - USA Tags: solar power, wind power
Wind or solar costs around five times more per megawatt hour compared to, for example, natural gas.
Tangled Comparisons: Renewables Versus Fossil Fuels
Utopia, you are standing in it! 
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