Re: Quantity/Bulk discounts
how about by that of church and ware? any comments? At 09:37 PM 08-07-02 +0100, you wrote: The industrial organization textbook by Carlton and Perloff is good on issues of price discrimination, quantity discounts etc. Alex Sadly, I find Advanced Industrial Economics, by Stephen Martin (Blackwell 1993) a much better book in many ways. Although Carlton is a hugely talented economist (also hugely successful consultant; he recently endowed a chair at MIT), Carlton and Perloff is a talk-talk book. Too much it can be shown that with a citation, rather than actually showing, plus lots of summaries. Useful, but not a very good text. Martin is much better at showing how the models actually work. Lest I find myself in the middle of an antitrust dispute, I will happily stipulate for the libertarians on the list that Martin's antitrust views seem to assume that the government is different from everyone else by being benevolent and all-wise. His text is still better than Carlton and Perloff. The literature on bundling is huge. One place to start is by looking at John Lott and Russell Roberts, A Guide to the Pitfalls of Identifying Price Discrimination Economic Inquiry (January 1991) 29, 14-23, an important critique of empirical work on price discrimination. They point to the difficulties of separating cost explanations from price discrimination explanations. Since then, empirical papers have to confront the Lott-Roberts critique, so a citation search on Lott and Roberts is a good way to begin. Because the literature is so large, it is worth asking what sort of applications you are looking for. For example, Carl Shapiro and Hal Varian's Information Rules (the book's website is www.inforules.com) has a lot of interesting non-technical material on bundling in information goods. The references (mostly in the website, not the book) go back to the technical material. Bill Sjostrom + William Sjostrom Senior Lecturer Department of Economics National University of Ireland, Cork Cork, Ireland +353-21-490-2091 (work) +353-21-427-3920 (fax) +353-21-463-4056 (home) [EMAIL PROTECTED] [EMAIL PROTECTED] www.ucc.ie/~sjostrom/
Re: Silent Takeover
I ordered it from Amazon...was then told it was a poor publishers me-too rival to Naomi Klein...would be amused to hear other views...meanwhile I would have thought Stiglitz Globalization and its Discontents should be nearer this list's essence (again a provocation to tell me how wrong I am) chris macrae www.valuetrue.com transparency standards community and www.normanmacrae.com future economics a stiglitz bookmark: http://www.guardian.co.uk/Archive/Article/0,4273,4454068,00.html (if you have a better favourite one, love to know) [EMAIL PROTECTED] - Original Message - From: john hull [EMAIL PROTECTED] To: [EMAIL PROTECTED] Sent: 09 July 2002 5:28 AM Subject: Silent Takeover Howdy, Has anybody read The Silent Takeover: Global Capitalism and the Death of Democracy by Noreena Hertz? If so, is it any good? Curiously yours, jsh __ Do You Yahoo!? Sign up for SBC Yahoo! Dial - First Month Free http://sbc.yahoo.com
RE: Silent Takeover
i read this awhile back; it's kind of thin. the most interesting thing is that Ms. Hertz used to be a go-go globalizer (helped set up a stock exchange in russia, fr'instance) who then turned. but her book is pro-capitalism at bottom and liberal in the classic sense of the word - her main fear of globalization is the creation of non-sovereign global governance ... meddling in national affairs. i guess The Silent Takeover is a subversive book - if you picked it up as a prop for, say, protesting the G-7 you might find yourself nodding in agreement with things you're protesting against. Capitalism, she argues, is clearly the best system for generating wealth, and free trade and open capital markets have brought unprecedented economic growth to most if not all of the world. that's a quote from the book, plucked out of a review of it in Socialism Today http://www.socialismtoday.org/65/hertz.html which neatly illustrates the tension between Hertz's themes and the themes the book appears to be about. books covers and all that. Hertz's other main point is that the rise of global multinational companies has overshadowed the power of politicians. consumers thus empowered too - moreso than voters. but she's not very convincing on why this is necessarily a bad thing, in my opinion. etb -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of chris macrae Sent: Tuesday, July 09, 2002 11:03 AM To: [EMAIL PROTECTED] Subject: Re: Silent Takeover I ordered it from Amazon...was then told it was a poor publishers me-too rival to Naomi Klein...would be amused to hear other views...meanwhile I would have thought Stiglitz Globalization and its Discontents should be nearer this list's essence (again a provocation to tell me how wrong I am) chris macrae www.valuetrue.com transparency standards community and www.normanmacrae.com future economics a stiglitz bookmark: http://www.guardian.co.uk/Archive/Article/0,4273,4454068,00.html (if you have a better favourite one, love to know) [EMAIL PROTECTED] - Original Message - From: john hull [EMAIL PROTECTED] To: [EMAIL PROTECTED] Sent: 09 July 2002 5:28 AM Subject: Silent Takeover Howdy, Has anybody read The Silent Takeover: Global Capitalism and the Death of Democracy by Noreena Hertz? If so, is it any good? Curiously yours, jsh __ Do You Yahoo!? Sign up for SBC Yahoo! Dial - First Month Free http://sbc.yahoo.com
Re:
--- markjohn [EMAIL PROTECTED] wrote: Could you please describe in layman's how does fiat money work? Fiat lux means let there be light Fiat money means, let there be money. In the US, the Federal Reserve system (central bank) issues money by increasing bank reserves (deposits), which is further expanded by bank lending, thus determining the money supply, along with the velocity of circulation. Specifically, in effect, the FED's Open Market Committee buys US Treasury bonds in the market. The buyer deposits the FED check into his bank, and his bank then deposits the FED check into its account with the regional Federal Reserve Bank. The FED bank covers the check by increasing the private bank's reserves (deposits). That is how the FED explands money out of nothing. Fred Foldvary Fred Foldvary = [EMAIL PROTECTED] __ Do You Yahoo!? Sign up for SBC Yahoo! Dial - First Month Free http://sbc.yahoo.com
Stiglitz v. Rogoff
Ken Rogoff has written a stinging and very funny rebuke of Joe Stiglitz and his new book. It's not the sort of thing you see very often. http://www.imf.org/external/np/vc/2002/070202.htm Brad DeLong's comments on the book are also devastating. http://www.j-bradford-delong.net/movable_type/archives/000322.html Alex -- Dr. Alexander Tabarrok Vice President and Director of Research The Independent Institute 100 Swan Way Oakland, CA, 94621-1428 Tel. 510-632-1366, FAX: 510-568-6040 Email: [EMAIL PROTECTED]
