-- but that missallocation is there to some
degree in a fixed-length contract also.
--Robert Book[EMAIL PROTECTED]
University of Chicago
extreme measures to save my life, can someone
else over-ride that, let me die, and then sell my organs for profit?
--Robert Book[EMAIL PROTECTED]
University of Chicago
http://story.news.yahoo.com/news?tmpl=storycid=594u=/nm
Sorry for posting on a stale topic, but I can't resist .. I actually
*DID* discuss this with a photographer once (who said armchair
economics isn't a contact sport? ;-)
for the negatives - but the photographers always react with horror to
this suggestion and refuse.
Alex
Ask them how
--- Anton Sherwood [EMAIL PROTECTED] wrote:
John Perich wrote:
. . . here's a thought: in six billion years, the sun will burn out,
making all research into sustainability and environmental / resource
economics a waste of time. . . .
But what is the present value of something 6 billion
It seems to me that an effective remedy to grade inflation would be
standardized exams on the subjects taught, prior to graduation. There would
be, for example, a standard exam for econ majors, similar to what is done in
grad schools. If many universities used the same exams, then that
(OK, this is my third attempt in three days to get this particular
post through the server... --RAB)
Since grades can't get any higher than an A, doesn't
grade inflation merely squeeze out information
regarding graduates as the grade scale gets compressed
at the high end?
You would
--- Robert A. Book [EMAIL PROTECTED] wrote:
Isn't this what the GRE, MCAT, etc., are for? Granted, they don't
apply to all post-graduate plans, but it's a start.
Fred Foldvary ([EMAIL PROTECTED]) responded:
How many employers require applicants having a BA/BS to have taken the GRE
etc
That's what I meant. ;-)
The real problem with grade inflation is not the reduction in
information that might be used by employers. As with regular inflation,
the real problem is that grade inflation is not uniform - some
departments and some professors are more subject to inflation
This story is almost identical to a classic hypthetical example of the
Coase Theorem!
--Robert
http://news.independent.co.uk/world/americas/story.jsp?story=294844
14 May 2002 19:43 GMT+1
Power firm buys town for $20m
By David Usborne in New York
14 May 2002
Cheshire is a small town in
are based on lies.
--Robert Book
of their
nuclear disarmament.
With food aid to African countries, what we're buying is the same
sort of thing people buy when they give money to feed the homeless.
So no, we are not receiving love -- but that's not what we were
trying to buy.
--Robert Book
I don't think money buys love. We give a lot
On Sat, Jan 11, 2003 at 03:45:40PM -0800, Fred Foldvary wrote:
--- fabio guillermo rojas [EMAIL PROTECTED] wrote:
By that logic, animals are economic
actors - animals seem to choose their actions.
To some degree, to the degree that choice is involved, some animals are
economic actors.
It might be worth noting that Bill's original complaint concerned not
amateurs generally, but NEWS MEDIA reporters and anchors.
It is quite possible that the average economics ability of news media
people is lower than the average economics ability of other
non-economists. This has been
On Mon, Jan 13, 2003 at 01:44:59PM -0800, Fred Foldvary wrote:
There is also a supply-side effect from cutting the marginal tax rate, from
less uncertainty about the company as it shifts to less debt and more
equity, as well as more investor confidence when the profits are sent to
the
Koushik Sekhar wrote:
Can anyone explain why ordinary Americans are not objecting to tax
cuts (such as dividend tax cuts) that will only favour the top
percentiles of the wealthy ?
Bryan Caplan wrote:
Among other things, this assumes that people's views on tax policy are
driven by
equally. This, of course, gives a boost to smaller market teams. The
last six Super Bowl winners have been Tampa, New England, Baltimore, St.
Louis, Denver (twice) and Green Bay. All relatively large markets.
Green Bay, Wisconsin is a large market?
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
found more father/son teams here than in any other type of job. All
of those jobs have fairly
But in a dictatorship, while my
child-rearing opportunities suffer, my business opportunities suffer
even more.
But what if you live under a capitalist dicatator, like Chile's General
Pinochet or South Korea's General Park [is this name right?]?
If my understanding is correct, in a
, what
makes you think he has his facts straight on the subjects you know
less about?
Shouldn't his obvious errors on cost/benefit, risk analysis, and
corporate accountability reduce the prior probability (to you) that
he's right on anything?
--Robert Book
the basis for the principle in the first place?
--Robert Book
Right. It's another reason why I think there isn't any basis for it.
Selection comes to mind. On uninhabited planets, sentient beings don't ponder
this question.
Quoting Robert A. Book [EMAIL PROTECTED]:
On Thu, 21 Aug 2003, Bryan Caplan wrote:
That seems to water down
Quoting john hull [EMAIL PROTECTED]:
It seems that there are a number of schemes to create
currencies, on top of extant national currencies, that
will be accepted only locally. Under such a program,
a unit of currency, let's call it a Local, will be
created by a group in the
I'm sorry to bother you with this. I just looked up
the time series for total private average hourly
earnings, seasonally adjusted, in 1982 dollars on the
BLS web site. It comes back that they've been
more-or-less constant since 1964.
I'm floored. Is this right, or am I doing something
Bryan Caplan [EMAIL PROTECTED]:
The Political Business Cycle story has not fared well empirically
in recent years (though Kevin Grier has done interesting work on
Mexico's PBC). But it seems overwhelming in the Oscars. It seems
like roughly half of the big nominees get released in December.
In a message dated 1/21/04 3:34:42 PM, [EMAIL PROTECTED] writes:
I was so ignorant, until last month I thought Paris Hilton was a
hotel in France
;-)
Paris Hilton is both a hotel in France AND desert topping! (from an old
Saturday Night Live skit it's both a floor wax AND a desert
Why do banks close at noon on Saturday? Almost any bank I have ever
been a member of has been closed on Sunday and closes at 12 on
Saturday, sometimes turning away customers who are waiting in an
ungodly line outside the store in order to cash or deposit their
checks before the bank closes.
As a neutral party who's not mentioned in the acknowledgements and has
never even met Bryan, I highly recommend this paper. It's
fascinating!
--Robert
My new paper on the economics of mental illness, entitled The Economics
of Szasz can now be downloaded from my webpage at:
On Mar 24, 2004, at 8:33 AM, Wei Dai wrote
The paper makes the point that what psychology views as mental
diseases in many cases can be interpreted simply as extreme or
unusual preferences, and in those cases involuntary psychiatric
treatment can not be justified as a benefit for the
Dimitriy V. Masterov writes:
If my memory serves me, when no one has a winning ticket, the pot gets
rolled over to the next round. When you have several large states that run
a joint lottery, the sum can get really enormous when this happens, so
that the expected gain is positive even with a
http://www.nobelpreisboerse.de/stocks.aspx?stc=6
A fun-money stock market in economics nobel prize winners. Barro's
currently in the lead, followed by Krugman, Prescott, Williamson, and
Fama. I'm keeping my fingers crossed that my stock in Tullock pays
off
Krugman? Egads
On Mon, 11 Oct 2004, Robert A. Book wrote:
What, no postings on the Nobel Prize? Is this list still functioning? ;-)
We are all still in mourning for Tullock's yet again having been passed
over by the Committee. Please, leave us in our grief.
Eric
How 'bout if I join you instead
On Wed, Oct 20, 2004 at 02:13:23AM -0400, Robert A. Book wrote:
I think what you want is the Banzhaf Power Index, developed by Banzhaf
(surprise!) in the 1960s. I forwarded your post to a friend of mine
who's done some work on this, and discovered he's giving a talk on
this very topic
At 5:33 EST Robin wrote:
Tradesports, IEM, Betfair give Kerry a 71 to 74% chance to win.
At 10:02 EST, Robin wrote:
Tradesports now gives Bush a 62% of winning.
Doesn't this big swing undermine the theory that markets are
consistently good predictors of elections?
--Robert Book
[EMAIL
Oh, I see that Mass doesn't have even one Republican county!
I likewise see that Oklahoma (where the wind goes sweeping down the lane) and
Utah don't have even one Democratic county.
David
You could use the percentage vote for each candidate in each county in
those states. Actually it
In a message dated 11/12/04 1:42:43 PM, [EMAIL PROTECTED] writes:
What's up with question 32? 52% male and 52% female?
Well maybe 4 percent of them were hermaphrodites. I see that at the
university where I'm teaching (NOT GMU) they're having a seminar on people
who aren't
100% male or
height.
--Robert Book
In a message dated 2/7/05 11:46:21 PM, [EMAIL PROTECTED] writes:
There's an interesting (to me, anyway) interview with Arthur Laffer
here:
http://pittsburghlive.com/x/tribune-review/opinion/columnists/steigerwald/s_3
00457.html
--Robert
Oh, thank goodness! When I saw the
Robert A. Book wrote:
First, for off-peak movies and the like, the idea is to fill
the seats that would otherwise go empty; in other words, convince
the seniors to see movies int he afternoon, so seats are available
for full-price customers at night. . . .
So why do movie theaters
should always vote based on their current short-term
self-interest, without regard to what situations they may otherwise
find, or have found themselves in, let alone what they might believe
is right morally? What counterfactual are you imagining here?
--Robert Book
[EMAIL PROTECTED]
? And isn't this a
problem since, for example, you can't supply more than 24 hours of
labor per day per person?
--Robert Book
[EMAIL PROTECTED]
a 10% tax. See
http://differentriver.com/archives/2005/01/28/call-it-the-botax/
and
http://www.fee.org/vnews.php?nid=2842
--Robert Book
[EMAIL PROTECTED]
corresponding to lower demand functions.)
--Robert Book
[EMAIL PROTECTED]
Fred Foldvary wrote:
1. Is it the case that if the government offers street
parking, given that the marginal cost of one more
parked car is zero, the efficient charge is zero when
uncongested and when congested
to be turned away? Or some person who parked in
the middle when there were plenty of empty spaces, but values the
space at less than the first person turned away?
--Robert Book
[EMAIL PROTECTED]
the
opposite.
--Robert Book
[EMAIL PROTECTED]
--- Robert A. Book [EMAIL PROTECTED]
5 cars come at 1pm and SIX cars at 2pm.
During that time, charge just high enough so that all
who want to park, can. The last car in does get a
space, if he is willing to pay.
between. But there's another possible outcome --
everyone races
, the most promising of
which were those below.
--Robert Book
Asabere, Paul K., Forrest E. Huffman, and Seyed Mehdian. 1994. The
adverse impacts of local historic designation: The case of small
apartment buildings in philadelphia. Journal of Real Estate Finance
and Economics 8, (3) (May 1994): 225-234
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