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
Criminals released after DNA testing started are 17% less likely to reoffend! @sst_nz (A greater chance of getting caught is instant rehabilitation)
21 Aug 2019 Leave a comment
in economics of crime, labour economics, law and economics, occupational choice, politics - New Zealand, politics - USA Tags: crime and punishment, criminal deterrence, law and order
@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
Palestinian Authority bans LGBTQ organizing in West Bank
21 Aug 2019 Leave a comment
The first headline below (h/t: cesar) appeared in the National Review. Don’t like the site or trust it because it’s a conservative website? Well, do you think you’d see this in the mainstream of Leftist media? Actually, the New York Times has a very small article on it, which at least notes that “Homosexuality is taboo in Arab countries, many of which criminalize it.”
But don’t worry—there’s more! (Click on screenshots to read the articles).
How about Haaretz, a left-wing Israeli paper often critical of the Israeli government?:
From the left-leaning Times of Israel:
Or how about PinkNews, a pro-gay website in the UK? (It’s woke, and even accuses Israel of “pinkwashing“.)
Here’s part of the story from Haaretz:
Palestinian Authority police targeted the Palestinian LGBTQ community last week, calling on citizens to report “suspicious” activity and vowing to break off community events…
View original post 1,017 more words
San Francisco promotes use of criminal-justice euphemisms—in a ludicrous way
21 Aug 2019 Leave a comment
How far can the sanitizing of language go in the name of social justice? Well, sometimes the sanitizing is salubrious, but often it’s not. From the San Francisco Chronicle (click on screenshot) we have a particularly ludicrous example: changing the words used to characterize offenders in the criminal justice system. These guidelines were just adopted by the city’s Board of Supervisors, and they’re in a nonbinding resolution. Nevertheless, the Mayor and the city’s police department are considering the suggestions, while the district attorney’s office already agrees with them.
Here are some of the changes recommended in the article:
A “convicted felon” or someone released from jail is now a “formerly incarcerated person,” or a “justice-involved” person or simply a “returning resident.”
Parolees and people on probation are now “person on parole,” or “person under supervision.”
Drug addicts or substance abusers are now “a person with…
View original post 463 more words
@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
@NZComCom raises middle digit to @jamespeshaw’s @JulieAnneGenter’s electric car dreams @TaxpayersUnion
21 Aug 2019 Leave a comment
in energy economics, environmental economics, global warming, politics - New Zealand Tags: electric cars, The fatal conceit
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
Despite itself, @nzcomcom shows free entry into petrol supply because independents can import as much as they need
21 Aug 2019 Leave a comment
in applied price theory, energy economics, entrepreneurship, industrial organisation, law and economics, politics - New Zealand, survivor principle Tags: barriers to entry, competition law
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