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Category Archive for 'Price System'

Do you know of a study that has examined both (the difference) between the market value of the global assets at risk over the next 100 years from rising sea levels and increasing storm intensity versus the replacement value of the global assets at risk over the next 100 years from rising sea levels and increasing storm intensity? Do […]

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Regulation I am in Favor Of?

Among the peeviest of my pet peeves is watching car commercials. Thankfully I don’t have to watch too many as I have largely substituted away from almost all forms of advertising. But think about all of these local car commercials that advertise amazing lease deals: “Just $199 for a Ford F-150 Extended Cab, for 36 […]

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If we truly wanted to reduce emissions from automobiles, and to save energy at the same time, we should hope to see a major swap. What would that be? Well, we would want to see all of the Toyota Priuses adorned with the following bumper sticker: Instead of the more typical ones you would find […]

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I’m going dataless for the moment, but I suspect my guesses here are close. If you were to, right now, take 1 additional trip in your car and compare the risk of injury or death to taking 1 additional trip on a bicycle and 1 additional trip on a subway or 1 additional trip on […]

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Picking up on a theme from two years ago, let’s consider again the argument in favor of progressive (re)distribution of income from the wealthiest to the poorest.  The argument I made back then was that on basic behavioral grounds, the assumption that taking a dollar from the rich and giving it to the poor would […]

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Score another one for the importance of peer effects (in crime). Again, where is the cognitive dissonance when it comes to neighborhood based government schooling? Question for readers: do you think if we eliminated the neighborhood restrictions on schooling that the government schools would end up less segregated (not just by race by other socio-economic […]

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Happy Festivus

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If this is a particular hobby horse of yours, that companies produce shorter-lived and shoddier products than they “could” … explain housing, and the modern car. Explain oil rigs. Explain school buildings. Explain professional photographs. Explain Advil. In the intellectual climate we seem to be operating in, the most likely answer to these I would […]

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I’d  like my readers and students to briefly examine the economic literature to determine what the “consensus” is on these two questions. What is the economic incidence of the payroll tax and other “benefits” that are mandated to be paid by employers to employees? For example, the total payroll tax amount imposed by the government is 15.3%, […]

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I wonder how, in the long-run, people will respond to this. On the one hand, the favorite trope of many is that markets fail, particularly insurance markets, because of the asymmetric information problem. On the other hand, there are always going to be huge concerns about privacy when it comes to the many solutions like […]

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