Is It Unfair to Pay CEOs Billions? Q&A with Prof. Howie Baetjer
22 Aug 2019 Leave a comment
in entrepreneurship, financial economics, human capital, industrial organisation, labour economics, labour supply, managerial economics, market efficiency, occupational choice, organisational economics, personnel economics, poverty and inequality Tags: CEO pay, envy, superstars
After only 227 pages does @NZComCom reveal its criteria for markets predisposed to collusion
21 Aug 2019 Leave a comment
in applied price theory, history of economic thought, industrial organisation, law and economics, politics - New Zealand Tags: cartel theory, competition law, oligopoly

The old hippies at @NZComCom force Harold Demsetz turn in his grave by using profits to assess competition. So 1960s. Died after his 1973 paper.
21 Aug 2019 Leave a comment
in applied price theory, history of economic thought, industrial organisation, law and economics, politics - New Zealand, politics - USA, survivor principle Tags: competition law

@NZComCom’s petrol pricing report is an ode to the structure-conduct-performance (SCP) paradigm of decades and decades gone by
21 Aug 2019 Leave a comment
in Armen Alchian, economics of bureaucracy, history of economic thought, industrial organisation, law and economics, politics - New Zealand, Public Choice, Ronald Coase Tags: competition law

@NZComCom sees this price discounting as evidence of a stable cartel or tight oligopoly
21 Aug 2019 Leave a comment
in applied price theory, energy economics, industrial organisation, politics - New Zealand Tags: cartel theory, competition law
If so, you wonder how @NZComCom explains the survival of: legacy media, dot.com industries, MySpace, Yahoo, Uber, airlines and new or high fixed cost industries. More on that later
21 Aug 2019 Leave a comment
in entrepreneurship, industrial organisation, politics - New Zealand, survivor principle, theory of the firm Tags: competition law

I don’t see the variation here that the @NZComCom does (except that long thin countries are at the top)
21 Aug 2019 Leave a comment
in energy economics, industrial organisation, law and economics, politics - New Zealand Tags: competition law

Despite itself, @nzcomcom reveals rampant secret price discounting in the petrol cartel/oligopoly
21 Aug 2019 Leave a comment
in applied price theory, economics of bureaucracy, energy economics, entrepreneurship, industrial organisation, law and economics, politics - New Zealand, Public Choice, survivor principle Tags: cartel enforcement, cartel theory, competition law

@NZPrivacy has just increased statistical discrimination by landlords @NZHumanRights
20 Aug 2019 Leave a comment
in applied price theory, discrimination, entrepreneurship, industrial organisation, law and economics, managerial economics, organisational economics, politics - New Zealand, property rights, survivor principle Tags: offsetting behaviour, racial discrimination, statistical discrimination, The fatal conceit, unintended consequences

Daron Acemoglu: Robotics, AI, and the Future of Work
19 Aug 2019 Leave a comment
in economic history, industrial organisation, labour economics, labour supply Tags: automation, technological unemployment
Lee Ohanian: Hoover, Roosevelt and the Great Depression
19 Aug 2019 1 Comment
in business cycles, econometerics, economic growth, economic history, great depression, industrial organisation, labour economics, labour supply, macroeconomics, Public Choice Tags: real business cycles
Bruce Gilley – “The Case for Colonialism”
12 Aug 2019 Leave a comment
in comparative institutional analysis, constitutional political economy, David Friedman, defence economics, development economics, economic history, economics of bureaucracy, economics of crime, economics of education, growth disasters, growth miracles, human capital, income redistribution, industrial organisation, labour economics, labour supply, Marxist economics, poverty and inequality, property rights, Public Choice, rentseeking Tags: age of empires, British empire, economics of colonialism, political correctness
The Case for Colonialism with Dr. Bruce Gilley
11 Aug 2019 Leave a comment
in comparative institutional analysis, constitutional political economy, defence economics, development economics, economic history, economics of bureaucracy, economics of crime, economics of education, growth disasters, growth miracles, human capital, income redistribution, industrial organisation, labour economics, labour supply, law and economics, Marxist economics, occupational choice, organisational economics, poverty and inequality, property rights, Public Choice, public economics, rentseeking, unemployment Tags: Age of Discovery, age of empires, British empire, economics of colonialism


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