Agent-Based Modelling – 4.6.3 – Prof Thomas Schelling, Part 2
21 Apr 2020 Leave a comment
in applied price theory, comparative institutional analysis, economics of information, industrial organisation, labour economics Tags: game theory
Agent-Based Modelling – 4.6.2 – Thomas Schelling, Part 1
20 Apr 2020 Leave a comment
in applied price theory, defence economics, economics of information, industrial organisation, labour economics, law and economics, managerial economics, organisational economics, Public Choice Tags: game theory
Jason Brennan: Fake Socialism vs. Real Capitalism
20 Apr 2020 Leave a comment
in Adam Smith, applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, economics of education, economics of regulation, entrepreneurship, growth disasters, growth miracles, health and safety, history of economic thought, human capital, industrial organisation, labour economics, labour supply, law and economics, liberalism, libertarianism, Marxist economics, Milton Friedman, politics - USA, poverty and inequality, property rights, Public Choice, survivor principle Tags: Age of Enlightenment, capitalism and freedom, The Great Escape
Infrastructure spending is back in the news @jamespeshaw @NZGreens @TaxpayersUmion
19 Apr 2020 Leave a comment
in economic history, economics of bureaucracy, fiscal policy, industrial organisation, managerial economics, organisational economics, politics - New Zealand, Public Choice, rentseeking, transport economics, urban economics Tags: megaprojects, The fatal conceit

Alfred Marshall on state ownership
17 Apr 2020 Leave a comment
in Alfred Marshall, applied price theory, comparative institutional analysis, economics of bureaucracy, history of economic thought, industrial organisation, law and economics, managerial economics, market efficiency, organisational economics, personnel economics, privatisation, property rights, Public Choice, public economics, survivor principle Tags: offsetting behaviour, state ownership, The fatal conceit, unintended consequences

David K. Levine is Against Intellectual Monopoly
12 Apr 2020 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economic history, entrepreneurship, history of economic thought, industrial organisation, law and economics, Ronald Coase Tags: patents and copyright
Free banking theory: Larry White and Juan Ramón Rallo
10 Apr 2020 Leave a comment
in Austrian economics, economic history, economics of regulation, financial economics, industrial organisation, law and economics, macroeconomics, monetary economics, property rights Tags: free banking
Occupational segregation is based on occupational choice
05 Apr 2020 Leave a comment
in discrimination, economics of education, gender, human capital, industrial organisation, labour economics, labour supply, occupational choice Tags: gender wage gap

Eamonn Butler on the knowledge problem
31 Mar 2020 Leave a comment
in Austrian economics, comparative institutional analysis, economics of bureaucracy, economics of regulation, entrepreneurship, history of economic thought, industrial organisation, law and economics, managerial economics, organisational economics, property rights, Public Choice, survivor principle Tags: offsetting behaviour, The fatal conceit, The pretence of knowledge, unintended consequences
Coronavirus: Do socialists understand socialism?
29 Mar 2020 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, economics of information, economics of regulation, entrepreneurship, growth disasters, growth miracles, income redistribution, industrial organisation, law and economics, liberalism, libertarianism, Marxist economics, Public Choice, public economics, rentseeking, survivor principle Tags: economics of pandemics
wage cuts are so common that they throw efficient contracting theory into doubt
28 Mar 2020 Leave a comment
in industrial organisation, job search and matching, labour economics, labour supply

From https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.33.3.185
Employees are more likely to accept cuts in hours than cuts in wages per hour because a reduction in hours reduces output and profits for the employer too and therefore is less likely to be opportunistic.


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