Richard Arnott at Boston College has done a ton of work on modeling
parking and solving parking problems. Those interested might wish to run
a Google Scholar search on Arnott + parking.
Regards,
Eric Crampton
Remember that it's a fun-money market, so people's expressive preferences
have free reign. I think it's exceedingly unlikely he'll be tapped given
how political a choice he'd be about now; however, the same thing makes
him pretty expressively appealing. Not that it's a bad thing to have
Mass migration would be incredibly unlikely in the short term. Too much
Canadian nationalism. Longer term, though, increasing migration would put
pressure on the Canadian govt to adopt more sensible policies to reduce
outflow. At least that would be my guess.
There are huge regional
What's it been doing against the Euro? $US has been taking a beating
lately in general
Eric
On Thu, 2 Oct 2003, chris macrae wrote:
What do you feel is the main reason why there has been such a steep rise
in the price of gold in recent times?
Chris Macrae
All of the criticism seems based on the betting on events, not on the
use of conditional markets for developing policy. Wonder what they'll say
when they figure that bit out
On Mon, 28 Jul 2003, Robin Hanson wrote:
FYI, our DARPA project (www.policyanalysismarket.com) has just been
On Thu, 10 Jul 2003, John Perich wrote:
In my informal experience, fathers and sons tend to work together
full-time only in professions with strict licensing or training
requirements. Electricians, lawyers, realtors and even CPAs - I've
There are zero licensing requirements for farming.
On Wed, 4 Jun 2003, Jason DeBacker wrote:
Is it not possible that there is some common goods problem? People not
helping b/c they think others will? The general welfare of others is a
public good afterall, right?- (non-rival, non-excludable)
Exceedingly implausible in the Africa case. Only
Shouldn't we also worry about how poor people are now relative to how
they'll be in the future? Today's poor are much better off than the poor
from a century ago; presumably the poor a century from now will be less
deserving than those of the present day?
On Fri, 6 Jun 2003, Richard L. white
On Tue, 3 Jun 2003, Jason DeBacker wrote:
-- I listed as one possibility that people are ashamed to
admit their preferences. I feel the same way as you do, but
I am not sure all people think like that. Some probably
actually care about saving lives instead of having HBO, but
for some
People give as much as they care to. To the extent that they give less
than they'd claim they'd want to see given, it's because the former is a
revealed preference and the latter is an expressive preference. There's
only failure involved inasmuch as we let things be determined by
expressive
On Sat, 18 Jan 2003, Fred Foldvary wrote:
2) The government does not know the economic rent among the basketball
teams, but it does know that the next best opportunity if he does not play
basketball is $100,000. The government taxes the income above $100,000 at,
say, 90 percent, providing an
Hilarious! I'd already killfiled AdmrlLocke, so I hadn't read his first
message. Love your answer though.
On Thu, 9 Jan 2003, John-Charles Bradbury wrote:
If you already know the correct answers better than the professor why are
you taking the class instead of teaching it?
JC
On Fri, 15 Nov 2002, john hull wrote:
If someone is willing to make a bet with you, you
should wonder if maybe she knows something you don't.
If you really want to get paranoid about everything you do, read
the lit on the Winner's Curse. In the limit, only the most overoptimistic
of people
On Mon, 11 Nov 2002, William Dickens wrote:
concern to some decision problem. Rational expectations does require
that ones forecast have minimum variance and not just that it is
unbiased. However, money is still neutral in most RatX models even if
Of course. Meant high in absolute terms, not
, not against a fall in the price of your
particular house.
Eric Crampton
Cyril Morong
by instead
enrolling in community college and learning to be an electrician or
a plumber. Of course, this is pure assertion and is backed by nothing
more than my sense of the matter.
Eric Crampton
This is a rough look at which schools currently have Nobel prize winners
on faculty. Do I have any of these wrong? Any additions that need to be
made? If this is right, then GMU ties for the 5th highest number of Nobel
winners.
Eric
--
Chicago: 6 Friedman, Coase, Becker, Fogel, Lucas,
hilarious. Reminds me of the regression of # tatoos = alpha + B1 number
of missing teeth. Was positive and significant.
On Wed, 11 Sep 2002 [EMAIL PROTECTED] wrote:
One of the best articles on statistics I've read. Includes an
interesting slant on the need for divorce and remarriage to
?
If the argument is that the race generates publicity which generates more
support for the cause, then racing is a public good (or bad, depending on
the nature of the cause I suppose).
Eric Crampton
Robin Hanson [EMAIL PROTECTED] http://hanson.gmu.edu
Asst. Prof. Economics, George
On Thu, 5 Sep 2002, Fred Foldvary wrote:
First of all, the outcome is not necessarily known in advance. The outcome
could be to not obtain the good. We don't know whether one will have to pay
the $100.
It doesn't matter whether he knows he has to pay or knows he doesn't or
knows he has to
preferences diverge from
instrumental preferences, outcomes will be worse.
Eric Crampton
Fred Foldvary
=
[EMAIL PROTECTED]
, though, when compared to
the losses likely to be generated by expressive voters using the DRP.
Eric Crampton
as
under any other social choice mechanism. So, nothing specifies that tax
payments approximate social costs, whether instrumental or expressive
voting is assumed.
Eric Crampton
Fred Foldvary
=
[EMAIL PROTECTED]
On Wed, 28 Aug 2002, Fred Foldvary wrote:
There will be individual costs that excede benefits, and benefits that excede
costs, but I don't see why the total social cost would differ from the total
private costs. The only voters that impose an externality are those who
change the outcome,
suggests).
Eric Crampton
On Mon, 26 Aug 2002, Bryan Caplan wrote:
If I remember correctly, demand revelation mechanisms are useless if the
probability of decisiveness is low and voters get some direct utility
from expressive voting or holding irrational beliefs.
Thus, suppose I get a $10 direct
On Mon, 26 Aug 2002, Fred Foldvary wrote:
If the average cost, say for mosquito abatement, would be $5, and that person
states he would pay up to $10 for it, then he is knowingly contributing to
the total stated value, and if the total value exceeds the cost, is willing
to pay the $10,
On Mon, 26 Aug 2002, Fred Foldvary wrote:
First of all, the demand-revealing method does not require that the
identities of the persons stating a value be public. Each voter can be given
a password, and he enters a stated value on a web site. The administrator of
the system knows his
On Mon, 26 Aug 2002, Fred Foldvary wrote:
Since the relevant comparitive system is majority voting, there is a disjoint
in yes-no voting as well.
Agree with you so far
The disjoint is even greater, since with demand
revelation, each person pays the average cost, whereas with voting, the
On Tue, 20 Aug 2002, Bryan Caplan wrote:
I suppose they don't pay the higher insurance premiums - probably 80-90%
of the full amount you pay for a traffic offense.
They offer 2 policies: under the first one (cheaper) they pay your ticket
if you lose. You pay the fine and submit the receipt;
On Mon, 19 Aug 2002, Alypius Skinner wrote:
I have often seen the housing market so strong that even stocks of
physically depreciating housing (darn that second law of
thermodynamics!)would appreciate in market value, often quite rapidly.
Many times the cost of housing presumably increases
On Thu, 15 Aug 2002, Misha Gambarian wrote:
On the other side, if we allow people to buy more than one share (as it
happens in real corporations) - then I think we can expect that rich
people will buy many shares (as they do in existing real corporations)
to get political influence more
On Thu, 15 Aug 2002, Misha Gambarian wrote:
Here you assume that all GDP income is distributed as dividents -
doesn't look probable. If people assume that their normal income is
dividents this still doesn't work, because of income inequality.
Not assuming that at all. Just trying to get a
On Thu, 15 Aug 2002, john hull wrote:
to pay. Do you think a firm would take the risk of
plunking down that kind of money for a
multi-generation debt?
It would likely depend a lot on how property rights over shares work out
and how liens on shares would be treated. If the market price did
On Mon, 12 Aug 2002, fabio guillermo rojas wrote:
Wouldn't it be easier to produce cheap cars if all models were similar
to each other? Ie, you wouldn't need to retool for every model - just
make some cosmetic changes and keep the cost low? I think that was the
idea behind the Ford Escort
On Wed, 31 Jul 2002 [EMAIL PROTECTED] wrote:
but I try to recall
that the wording of a poll can substantially alter its results. Imagine, to
The question wording could have been a bit better, but nothing was
misrepresented or too slanted. The question was framed around the actual
farm
This question has been bounced around on the armchair list for a
while...here's a bit of evidence on the question. It's from Canada, but I
doubt that American results would be that much different. The vast
majority of Canadians support farm subsidies for the indefinite
future.
The question
On Thu, 18 Jul 2002, Gray, Lynn wrote:
In summary: In terms of religious doctrine related to our origins there is
no cost associated with being wrong however there is a cost related to being
wrong about economics.
Actually, Caplan's rational irrationality point is that there is no cost
to
While we're at it, why don't we make it illegal for people to kill each
other. If it were illegal, with stiff fines, we'd surely get rid of
murder. Same for drug use.
I find it highly implausible that a regulatory structure like that
proposed below would make a whit of difference other than
domains in my kill file)). If enough people sign-up with those kind of
ISPs, the others would eventually be forced out of business. Unless DoJ
rules such practices anti-competitive, I suppose.
Eric Crampton
As a farm-boy from southern Manitoba, I can assure you that I didn't mind
daylight savings time at all. Who the hell wants to wake up at sunrise when
sunrise is 4:30 in the morning? 5:30 is far more reasonable. And, sunset
at 21:30 isn't unreasonable either.
Eric
-Original Message-
On Wed, 21 Feb 2001 [EMAIL PROTECTED] wrote:
I have never understood this rationale--especially for farmers. The sun is up
as long as it is up, regardless of what we do with our clocks. What is it
that prevents farmers from getting up when the sun rises, and working til it
sets, no matter
February 20, 2001
A Dearth of Economics Doctorates
Leads to Royal Recruiting Battles
By JON E. HILSENRATH
Staff Reporter of THE WALL STREET JOURNAL
During the last month, Julie Mortimer has been flown around the country on
all-expense-paid trips to Chicago, Boston, New York and San Francisco.
Anybody know where I might find a time series index of the aggregate value
of
property in the United States?
Thanks for any info,
Eric Crampton
GMU
Check out David Gratzer's book:
Code Blue: Reviving Canada's Health Care System
ECW Press, 1999. ISBN 1550223933
"Our nation`s health care system is in worse shape than ever
before. Increasingly strident government cutbacks have made it harder and
harder for Canadians to gain access to the
Reflection of time preference. When the things first came out, the time
at which one could be expected to be had at the stores was far off. Now,
it's not so far off and so prices are lower. Will converge down to
MSRP
Eric Crampton
On Tue, 19 Dec 2000, Ananda Gupta wrote:
On further
A quick look on ebay shows basically-identical Playstation 2 units selling
with high variance in prices. For example, a unit sold at 7:58 this
morning for $960, to which $25 would be added for overnight
delivery. Another unit sold for $1325 at 7:41 this morning with free
overnight delivery.
much identical items. It would be interesting to correlate a buyer's
Ebay experience level, as proxied by his rating (higher rating means more
successful transactions) with price paid. I'd expect that more experienced
buyers know to understate and reevaluate.
Eric Crampton
-Original Message
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