Yet Again, Supply Curves Shift

Funny how high prices induce capacity expansion … another in my periodic pointing out that oil and natural gas drilling activity in the US is endogenous, and responds to expectations of future prices. Right now natural gas prices are quite high, and are expected to stay that way for enough time to make it worth … More Yet Again, Supply Curves ShiftMore Yet Again, Supply Curves Shift

On Thursday Hal Varian had some suggestions on ways to use markets to improve politics. He cites a paper by Robin Hanson, an economist at George Mason. Once you get the idea, the possibilities are endless. Suppose a company is trying to choose between ad agencies. The board can simply create an option that pays … More More

On Thursday Hal Varian had some suggestions on ways to use markets to improve politics. He cites a paper by Robin Hanson, an economist at George Mason. Once you get the idea, the possibilities are endless. Suppose a company is trying to choose between ad agencies. The board can simply create an option that pays … More More

On Thursday Hal Varian had some suggestions on ways to use markets to improve politics. He cites a paper by Robin Hanson, an economist at George Mason. Once you get the idea, the possibilities are endless. Suppose a company is trying to choose between ad agencies. The board can simply create an option that pays … More More

On Thursday Hal Varian had some suggestions on ways to use markets to improve politics. He cites a paper by Robin Hanson, an economist at George Mason. Once you get the idea, the possibilities are endless. Suppose a company is trying to choose between ad agencies. The board can simply create an option that pays … More More

Found an interesting series of articles on Always On entitled “Practical Ecology.” The first article in the series lists five “environmental myths”: -Being environmentally correct requires a lower standard of living -Any good environmentalist is a socialist -Hydrogen and other renewable energy are the answer to our energy needs -We have to recycle everything -New … More More

Found an interesting series of articles on Always On entitled “Practical Ecology.” The first article in the series lists five “environmental myths”: -Being environmentally correct requires a lower standard of living -Any good environmentalist is a socialist -Hydrogen and other renewable energy are the answer to our energy needs -We have to recycle everything -New … More More

Found an interesting series of articles on Always On entitled “Practical Ecology.” The first article in the series lists five “environmental myths”: -Being environmentally correct requires a lower standard of living -Any good environmentalist is a socialist -Hydrogen and other renewable energy are the answer to our energy needs -We have to recycle everything -New … More More

Found an interesting series of articles on Always On entitled “Practical Ecology.” The first article in the series lists five “environmental myths”: -Being environmentally correct requires a lower standard of living -Any good environmentalist is a socialist -Hydrogen and other renewable energy are the answer to our energy needs -We have to recycle everything -New … More More