Carlton and Peltzman on who founded the modern theory of competition and oligopoly
20 Jul 2019 Leave a comment

Milton Friedman: The Rise of Socialism is Absurd
19 Jul 2019 Leave a comment
in applied price theory, comparative institutional analysis, economics of regulation, industrial organisation, Milton Friedman, politics - USA Tags: fall of communism, special interests
On the practical irrelevance of moral philosophers (activists and even feminists) to social reform
18 Jul 2019 Leave a comment

Williamson and Wright on sticky prices making sense
18 Jul 2019 Leave a comment
in applied price theory, business cycles, economics of information, industrial organisation, job search and matching, labour economics, labour supply, macroeconomics, monetary economics, survivor principle, Thomas M. Humphrey Tags: New Keynesian macroeconomics, sticky prices

George Stigler on the contribution of monopsonistic competition
17 Jul 2019 Leave a comment
in applied price theory, George Stigler, history of economic thought, industrial organisation

From George Stigler Five Lectures in Economic Problems 1949.
Why some bastard will always cheat on the agreement. Get your retaliation in first too.
17 Jul 2019 Leave a comment
in applied price theory, economics of information, industrial organisation, law and economics Tags: cartel enforcement, cartel theory, competition law, game theory, oligopoly

Is there an upper limit for #Fightfor15 logic for further pay rises? What if they are wrong?
16 Jul 2019 Leave a comment
in applied price theory, industrial organisation, labour economics, labour supply, minimum wage, poverty and inequality, survivor principle

If wages go up under the minimum wage increase but employment does not fall, where does the extra output and revenue come from to cover the greater payroll bill?
Even small minimum wage increase have ambiguous employment effects under monopsonistic competition
16 Jul 2019 Leave a comment
in applied price theory, applied welfare economics, industrial organisation, labour economics, labour supply, minimum wage, politics - New Zealand, politics - USA, survivor principle Tags: offsetting behaviour, The fatal conceit, unintended consequences

Spot on on growth mismeasurement
15 Jul 2019 Leave a comment
in applied price theory, economic growth, entrepreneurship, industrial organisation, macroeconomics

Pashigian and Self show most markets are competitive because there are too many sellers to successfully collude
14 Jul 2019 Leave a comment
in applied price theory, Austrian economics, industrial organisation, law and economics Tags: competition law, game theory

Policy Briefs: Edward Lazear On How To Reduce Income Inequality
12 Jul 2019 Leave a comment
in applied price theory, applied welfare economics, economics of education, economics of regulation, entrepreneurship, human capital, industrial organisation, labour economics, labour supply, occupational choice, occupational regulation, poverty and inequality, welfare reform Tags: child poverty, family poverty


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