Daron Acemoglu: Labor demand through the ages
25 Aug 2019 Leave a comment
in applied price theory, economic history, economics of education, gender, human capital, industrial organisation, labour economics, labour supply, occupational choice, poverty and inequality, unemployment Tags: automation, creative destruction
The Chinese and Russian transitions explained
24 Aug 2019 Leave a comment
in comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, growth disasters, growth miracles, income redistribution, industrial organisation, Marxist economics, Public Choice, rentseeking Tags: China, economics of federalism, fall of communism, Russia

Daron Acemoglu: Robots and Jobs
24 Aug 2019 Leave a comment
in applied price theory, economic history, economics of education, human capital, industrial organisation, labour economics, labour supply, poverty and inequality Tags: automation, creative destruction
My @NZHerald op-ed on petrol prices and competition
23 Aug 2019 Leave a comment
in applied price theory, economic history, economics of bureaucracy, energy economics, industrial organisation, law and economics, politics - New Zealand, Public Choice
Was @BernieSanders the last useful idiot to make a pilgrimage to the USSR?
22 Aug 2019 Leave a comment
in comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, entrepreneurship, growth disasters, health economics, income redistribution, industrial organisation, labour economics, law and economics, Marxist economics, politics - USA, poverty and inequality, property rights, Public Choice, public economics, rentseeking Tags: 2020 presidential election, fall of communism, useful idiots
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




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