The signalling value of share buybacks under the agency view of free cash flows and managerial slack
02 Aug 2019 Leave a comment
in economics of information, financial economics, managerial economics
Rather on point
02 Aug 2019 Leave a comment
in discrimination, gender, law and economics, politics - New Zealand, politics - USA Tags: political correctness, regressive left, sex discrimination
MPC appointments: prioritising sex over expertise
02 Aug 2019 Leave a comment
The lawlessness of the Board of the Reserve Bank of New Zealand never ceases to amaze me, Just in recent years, there was clear evidence that the Board simply ignores the requirements of the Public Records Act. There was their facilitation of what was almost certainly an unlawful appointment of an “acting Governor” in the run up to the election (decent outcome in the abstract, but unlawful nonetheless). And, of course, they play fast and loose with the Official Information Act, apparently confident that the Ombudsman is largely toothless. It is all the more extraordinary in that since 2013 the Bank’s Board has had a senior lawyer as a member. I’d not paid much attention to him, not knowing anything about him, but when I finally met him last week – where he told us he “trains judges” – it reignited my interest in just how a…
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Is Money Speech? Free Speech Rules
02 Aug 2019 Leave a comment
in law and economics, politics - USA Tags: constitutional law, free speech
How Lithuanian was Poland Lithuania?
02 Aug 2019 Leave a comment
in economic history, International law Tags: maps, Poland
@BernieSanders on the Soviet Union Press Conference 06 13 1988
01 Aug 2019 Leave a comment
in development economics, economic history, economics of crime, growth disasters, law and economics, Marxist economics, politics - USA, property rights Tags: 2020 presidential election, fall of communism, regressive left, The fatal conceit, useful idiots
Forthcoming: Why Consider the Lighthouse a Public Good?
01 Aug 2019 Leave a comment
Last week, I received news that the International Review of Law and Economics accepted my paper (co-authored with Rosolino Candela) titled “Why Consider the Lighthouse a Public Good?”. The abstract is below and I will update this blog post to add the link to the article once it is online:
Was the lighthouse ever a public good? The lighthouse is presented as the quintessential public good as it was inherently non-excludable and non-rivalrous. Since the work of Ronald Coase (1974) on the lighthouse, economists have used debated the extent to which the private provision of public goods is possible. In this work, we highlight recent findings in the history of lighting services (especially private provision of said services) in order to argue that it may be incorrect to consider the lighthouse as a public good. First, we argue that lighthouses are probably better seen as a complement to other maritime…
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In the Wake of Hurricanes, Crisis Investors See Opportunity | @WSJ
01 Aug 2019 Leave a comment
in economics of natural disasters, entrepreneurship, politics - USA
Rules for civil engagement: How to talk with someone unlike yourself | Jon Zimmerman
01 Aug 2019 Leave a comment
in politics - Australia, politics - New Zealand, politics - USA
How is this automation different from being a clicktivist for a living wage?
01 Aug 2019 Leave a comment
in labour economics, labour supply, minimum wage, politics - New Zealand, politics - USA, poverty and inequality Tags: automation
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