
@NZComCom has a very 1960s view of competition and new entry too
28 Jul 2019 Leave a comment
in applied price theory, economics of bureaucracy, economics of regulation, industrial organisation, law and economics, politics - New Zealand, Public Choice, public economics, survivor principle Tags: competition law

News driven business cycles have a lot of merit
28 Jul 2019 Leave a comment
in business cycles, economics of information, entrepreneurship, history of economic thought, industrial organisation, macroeconomics, monetary economics, survivor principle Tags: real business cycles

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

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

More creative destruction
11 Jul 2019 Leave a comment
in economic history, entrepreneurship, industrial organisation, survivor principle Tags: creative destruction

When a Spaniard moved to backward Minnesota
10 Jul 2019 Leave a comment
in income redistribution, industrial organisation, labour economics, labour supply, law and economics, politics - USA, Public Choice, rentseeking, survivor principle, unions Tags: employment law, employment protection laws, employment regulation








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