mako: economics (115)

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  1. Fantastic!
  2. Extraordinarily strange way of filming this. Extremely good extemporaneous-seeming speaking. Good/interesting content. Worth the listen.
  3. Continuing to follow up on a bet I had with AaronSw.
  4. Classic essay.
  5. I have no idea how this got into my open tabs. I disagree a lot. But it's good rant.
  6. "Getting your stuff fixed instead of throwing it away is good for the environment as well as for your bank balance. So why is this craft dying out in America?" Via Don Marti.
  7. "The UPenn Journal of Business Law recently published my (first!) law review article, which proposes a relatively far-reaching solution: Reinterpreting existing law to impose a strong presumption in favor of low-cost index funds for tax-advantaged, employer-sponsored DC plans, including 401(k)s. Even if you don't agree with that solution, something needs to be done."
  8. Assembling a phone in the US is not much more expensive because labor costs are a small part of phones.
  9. "So instead of wishing you could tip an artist for something you pirated, talk about it. That’s good for everyone involved. If you have nothing good to say, even a simple mention is helpful. Not a bad mention. That’s not helpful. But the difference between pirating something and saying nothing vs. pirating something and mentioning it to other people is really, really huge."
  10. Yikes.
  11. Torrents and paying creators.
  12. Nice orgtheory argument about what makes for a good theory about how to tell/test.
  13. The more people trust each other, the more productive they are.
    27-01-2013 to , , ,
  14. With loss leaders, we all lose. Summary: "We show that large retailers, competing with smaller stores that carry a narrower range, can exercise market power by pricing below cost some of the products also offered by the smaller rivals, in order to discriminate multistop shoppers from one-stop shoppers. Loss leading thus appears as an exploitative device rather than as an exclusionary instrument, although it hurts the smaller rivals as well; banning below-cost pricing increases consumer surplus, rivals' profits, and social welfare. Our insights extend to industries where established firms compete with entrants offering fewer products. They also apply to complementary products such as platforms and applications."
    updated: 22-12-2012, original: 22-12-2012 to , , , , , , , ,
  15. Oliver is in my cohort at MIT! Congrats on the profile!
  16. Talk about perverse incentives.
  17. Amazing graph of natural gas price fluctuations. The robots are running the show people.
  18. I find something a bit problematic about this experiment.
  19. Estonia uses a flat tax and the Economist is freakin' happy about this.
    02-02-2012 to , , , ,
  20. Great writeup by Gelman.
  21. Interesting macro-economic insight and thesis. Very interesting design of a publication (almost certainly the most beautiful economic text I've ever read). I'll bet complexity is really just a proxy for a bunch of other things, but I doubt the authors would really disagree.
  22. "How could the flow of high-quality music continue despite sharp reductions in firms’ ability to appropriate revenue. The puzzle’s resolution may lie in the observation that technological change has not only reduced effective demand; it has also reduced costs of bringing music to market. The costs of creation, promotion, and distribution have all been revolutionised by new information and communications technologies."
  23. "Here’s a provocative talk by Michael Heller about the problems of private ownership."

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