Lynne Kiesling Mr. Coyote has a post from last week (complete with good links) on that mythical economic concept: price gouging. There are two ways this can play out: 1) a short term spike in prices, as much as a dollar or more a gallon or 2) long and irritating gas lines. Lets hope that …
Lynne Kiesling Last week on vacation we stayed in a paddle-in cabin 20 miles northeast of Ely, Minnesota. No phone, no television, no computer, hence no information on the horrific consequences of hurricane Katrina. We ventured into town twice for dinner, once on Monday (when we saw a newspaper and saw the looming threat) and …
Lynne Kiesling OK, here’s the data to show that relative to median household income, gasoline prices have fallen: Data used to create figure: Median household income data for 1980-2000 from Table H-11 of Census historical statistics, in current dollars Median household income data for 2001-2003 from Table H-8 of Census statistics from the Current Population …
Lynne Kiesling On the gas price note, Jonathan Pearce at Samizdata has a post about how high gas prices are more effective than scolding at inducing people to drive more fuel efficient vehicles. Glenn Reynolds also has a lengthy and informative post on the SUV, including a link to Jonathan’s. Glenn correctly points out that …
Lynne Kiesling It’s been brewing for several years, but finally the $66/barrel oil prices have induced Hawaii to impose a cap on the wholesale price of gasoline. On Wednesday, the state’s Public Utilities Commission released its first weekly list of price caps for different parts of the state. Including taxes, the maximum wholesalers in Honolulu …
Lynne Kiesling Detroit News columnist Thomas Bray argued so on Sunday. In fact, his argument is more along the lines of his being more Smithian than Keynesian (as is Doug Allen’s at Catallarchy, from whom I got the link): President Bush responded to the bursting of the economic bubble of the late 1990s in quite …
Lynne Kiesling Yesterday, while under the gun to finish some edits and a referee report, I listened to BBC Radio 4. One memorable interview was with a union organizer discussing the recent BA sympathy strike with the fired workers from caterer Gate Gourmet. One of the contentions in this situation is that in the market …
Lynne Kiesling How cool is this? Tim at Environmental Economics points us to an upcoming Sotheby’s auction of saplings from a tree thought to be extinct. This is a nice example of a field experiment in something that is awfully difficult to do: determining aggregate willingness to pay to avoid extinction. In my environmental economics …
Lynne Kiesling I’ve been having a bout of insomnia lately, so I was awake way too early Thursday morning. When that happens, I listen to BBC Radio 4 to catch the late morning and midday commentary shows. One of them on Thursday had an extensive interview with Lorna Clarkson from the Royal Mail, in which …
Competition Induces Pricing Change At Royal Mail Read More »
Lynne Kiesling So it looks like my speculation from Sunday was correct, and ESPN will not practice entry deterrence. Eric McErlain has the goods on the just-inked NHL-OLN deal. Looks promising, particularly that “NHL Network” to be named later part.
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