https://twitter.com/FurchtgottRoth/status/717362503160881152
Privatizing local bus services could save $5.7 billion
19 May 2016 Leave a comment
in industrial organisation, politics - New Zealand, politics - USA, privatisation, survivor principle, theory of the firm, transport economics, urban economics Tags: privatisation, state owned enterprises
Solutions to Moral Hazard
18 May 2016 Leave a comment
in economics of information, industrial organisation Tags: moral hazard
Is it merchandising that drives gender bias in Hollywood casting?
17 May 2016 Leave a comment
in discrimination, economics of media and culture, gender, industrial organisation, labour economics, labour supply, occupational choice, survivor principle Tags: entrepreneurial alertness, gender gap, gender wage gap, Hollywood economics
Iron Man 3 changed the gender of the film’s villain from female to male after pressure from the production company Marvel, which feared toy merchandise would not sell as well.
This is a rather frank admission of what drives gender bias in Hollywood casting decisions. Its customer preferences – customer discrimination. It was not nasty producers and directors choosing not to hire women.
It was producers and directors casting a movie that might sell at the box office given what the box office wants. The great majority of box office sales is outside of the USA and US cultural values, interests and concepts of humour.
Hollywood is a cutthroat market where producers and directors do do whatever it takes to make their movie sell at the box office. But would not last very long if they indulge their personal preferences at the expense of the box office.
Not every movie has the merchandising potential of action films but they still have to pay careful attention to what audiences want to avoid having produced a run of flops and never get financing again.
That is not made any easier by the first law of Hollywood economics, which is nobody knows nothing. Audiences have a constant demand for novelty but they do not know what they want delay see it.
Where did all the farmers go when the tractors came from their jobs?
17 May 2016 1 Comment
in industrial organisation, labour economics, labour supply, survivor principle Tags: agricultural economics, creative destruction
Can private enterprise save our public lands?
17 May 2016 Leave a comment
in applied price theory, applied welfare economics, environmental economics, industrial organisation, privatisation, survivor principle Tags: economics of national parks
Saving Ocean Fisheries with Property Rights
17 May 2016 Leave a comment
in applied price theory, comparative institutional analysis, economics of regulation, environmental economics, fisheries economics, industrial organisation, international economics, law and economics, privatisation, property rights Tags: common property, economics of fisheries, individual transferable quotas, tragedy of the commons
Brexit: the Movie
15 May 2016 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, economic history, economics of regulation, industrial organisation, international economics Tags: Brexit, Common market
Numbers of days needed to start a business in high income countries
11 May 2016 Leave a comment
in economics of regulation, industrial organisation, law and economics, property rights Tags: barriers to entry, doing business
Profits Are Progressive
10 May 2016 Leave a comment
in applied price theory, economics of media and culture, entrepreneurship, industrial organisation, survivor principle, theory of the firm Tags: anti-market bias, entrepreneurial alertness, profit and loss, rational irrationality, superstars
Number of procedures required to start a business in high income countries
10 May 2016 Leave a comment
in economics of regulation, entrepreneurship, industrial organisation, law and economics, property rights Tags: barriers to entry, doing business
The economics of Bollywood
10 May 2016 Leave a comment
in economics of media and culture, industrial organisation, survivor principle Tags: Hollywood economics
Trekonomics: The Final Frontier (w/ Manu Saadia)
09 May 2016 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, development economics, economics of regulation, environmental economics, history of economic thought, industrial organisation, international economics, law and economics, property rights Tags: star trek
Utopia, you are standing in it! 
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