In my ECONS101 class, we have a topic that is devoted to understanding pricing and business strategies that deviate from the ideal ‘marginal revenue equal to marginal cost’ approach to pricing for firms with market power. In particular, I focus part of the topic on firms that price below the short-run profit-maximising price for strategic…
The economics of pricing AFL Finals tickets
The economics of pricing AFL Finals tickets
20 Sep 2026 Leave a comment
in applied price theory, entrepreneurship, industrial organisation, sports economics
The Growth of Big Business: 1900-2020
18 Sep 2026 Leave a comment
in development economics, econometerics, economic history, entrepreneurship, industrial organisation, survivor principle Tags: creative destruction
Big firms are playing a larger role in the US economy–but also in the economies of high-income countries around the world. Yueran Ma, Mengdi Zhang, and Kaspar Zimmermann compile the evidence in “Business Concentration Around the World: 1900-2020” (University of Chicago Becker-Friedman Institute for Economics, February 27, 2026, the link offers a readable overview and a followup link…
The Growth of Big Business: 1900-2020
Slow Growth: Mexico Edition
16 Sep 2026 Leave a comment
in development economics, economics of regulation, entrepreneurship, growth disasters, industrial organisation, law and economics, property rights, survivor principle Tags: Mexico
For the last eight years or so, going back before the pandemic, Mexico’s economy has been growing at 1% per year or less, which is barely faster than the population of Mexico has been growing. It is a fact of arithmetic that an upper-middle-income country, as Mexico is classified by the World Bank, will not…
Slow Growth: Mexico Edition
Surging demand
13 Sep 2026 Leave a comment
in energy economics, entrepreneurship, industrial organisation
Growth Effects of AI: Modest for a Decade or Two, At Least
13 Sep 2026 Leave a comment
in entrepreneurship Tags: creative destruction
It is of course impossible to predict the effects of new AI technologies on total economic growth in a precise way, but there are strong reasons to believe that the effect will be modest for a decade or two, anyway. Charles Jones Jones explores some of the reasons in “AI and Our Economic Future,” in…
Growth Effects of AI: Modest for a Decade or Two, At Least
The Pro-Growth Impact of Deregulation
12 Sep 2026 Leave a comment
in applied price theory, economic growth, economic history, economics of regulation, entrepreneurship, macroeconomics Tags: European Union
Regulation adds “clutter” to an economy, sort of akin to creating an obstacle course that workers and businesses have to navigate in order to be productive. In other words, red tape makes it harder to be profitable. And that reduces incentives to invest. And every economic theory agrees that less investment means less prosperity. That’s […]
The Pro-Growth Impact of Deregulation
America is still poised for a data center boom
07 Sep 2026 Leave a comment
in economics of education, economics of information, energy economics, entrepreneurship, industrial organisation
Eric Levitz, via Matt Yglesias. The post America is still poised for a data center boom appeared first on Marginal REVOLUTION.
America is still poised for a data center boom
How Much Redistribution Will AI Require?
07 Sep 2026 Leave a comment
in applied price theory, entrepreneurship, industrial organisation, labour economics, labour supply, poverty and inequality, unemployment Tags: creative destruction
How much redistribution will AI require? A common scenario is that AI raises output enormously, but labor’s share of income collapses. GDP per capita goes up but workers get poorer, and making workers whole requires massive redistribution. In my latest paper, I run the numbers and conclude that this is probably incorrect. The idea is…
How Much Redistribution Will AI Require?
‘The Use of Knowledge in Society,’ by Friedrich A. Hayek
01 Sep 2026 Leave a comment
in applied price theory, Austrian economics, economics of information, entrepreneurship, F.A. Hayek, history of economic thought, industrial organisation, Ludwig von Mises, market efficiency, Ronald Coase, Ronald Coase, Ronald Coase, theory of the firm
The wealth and technological sophistication of modern society are readily apparent. Less visible, but no less remarkable, is its ability to coordinate the actions of billions of people who know almost nothing about one another’s circumstances. Every day we make decisions without possessing most of the information on which those decisions ultimately depend. We purchase…
‘The Use of Knowledge in Society,’ by Friedrich A. Hayek
The Great Enrichment
28 Aug 2026 Leave a comment
in economic history, entrepreneurship Tags: The Great Enrichment
FAA Moves to Exempt Commercial Rocket Launches From Key Environmental Reviews
27 Aug 2026 Leave a comment
in economics of regulation, entrepreneurship, environmental economics, environmentalism, industrial organisation, law and economics, politics - USA, property rights, transport economics Tags: space
FAA moves to ensure regulatory processes serve genuine environmental interests rather than becoming a legal mechanism for undermining American space competitiveness. The post FAA Moves to Exempt Commercial Rocket Launches From Key Environmental Reviews appeared first on Watts Up With That?.
FAA Moves to Exempt Commercial Rocket Launches From Key Environmental Reviews
Dr. Israel M. Kirzner — “Economics and Entrepreneurship”
21 Aug 2026 Leave a comment
in applied price theory, Austrian economics, economic history, entrepreneurship, F.A. Hayek, history of economic thought, Israel Kirzner, market efficiency
Dr. Israel M. Kirzner — “Economics and Entrepreneurship”
19 Aug 2026 Leave a comment
in applied price theory, Austrian economics, economic history, economics of regulation, entrepreneurship, history of economic thought, industrial organisation, law and economics, Public Choice, regulation, rentseeking Tags: competition law
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