Financial regulation and financial crisis | Sam Peltzman
11 Oct 2017 Leave a comment
in applied price theory, economics of regulation, financial economics, global financial crisis (GFC), macroeconomics, monetary economics, Sam Peltzman Tags: offsetting behaviour, unintended consequences
No Considerations: Doing Business in India Without Bribes
11 Oct 2017 Leave a comment
in applied price theory, development economics, economic history, economics of regulation, entrepreneurship, growth disasters, growth miracles Tags: India, permit raj
Smart idea: privatise Pike River reentry including H&S liability
10 Oct 2017 Leave a comment
in economics of regulation, health and safety, labour economics, politics - New Zealand
#Morganfoundation @top_nz do not understand the transitional gains trap
25 Sep 2017 Leave a comment
in applied price theory, economics of regulation, politics - New Zealand, rentseeking, urban economics
It is unfortunate that the Morgan foundation economists and purported economists do not understand the concept of rent capitalisation when discussing tax concessions for housing in New Zealand.
The classic example is how restrictions on supply result in the capital value of taxi licenses going up, and now through Uber, collapsing.
The same goes with a tax concession for any particular asset. The value of the tax concession will immediately capitalise through a spike in prices.
After that, the underlying trend price growth will continue. For housing prices to continually rise, there must be a restriction on the supply of land. Tax treatment changes will only result in transitory price spikes.
There is nothing special about private homes have been an exemption from capital gains tax in New Zealand. What matters is the restriction on land supply.
What Does Research Tell Us About Minimum Wage?
16 Sep 2017 Leave a comment
in applied price theory, applied welfare economics, economics of regulation, labour economics, minimum wage Tags: unintended consequences
.@PhilTwyford @JulieAnneGenter finest hour on housing affordability
10 Sep 2017 Leave a comment
in economics of regulation, politics - New Zealand, urban economics Tags: housing affordability, land use planning, zoning
Union membership stopped falling after the passage of Employment Contracts Act
28 Aug 2017 Leave a comment
in economics of regulation, labour economics, unions
How is the vice fund going? @NZSuperFund @JordNZ @EricCrampton @GreenpeaceNZ
17 Aug 2017 Leave a comment
in defence economics, economics of regulation, entrepreneurship, financial economics
Ethical investing is back in the news again; time to look at the investment performance of a fund specialising in investing in the sin industries.
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