Search:

The Atlantic article appears solid. Nobody can quantify the cost of antitrust regulation.

What we can do is qualify how goods and services grow and change.

Our vast landscape of amazing goods and services is built on what looks like lack of viable options at first.

Coercion tends to qualify for that.

Perhaps finding ones that adjust for how peoples' behaviors change over time when there exists firms with the kind of market power that antitrust laws are made for.

What variables not included in that model can you think of?

Quantification is limited to modeling that shows a portion of effects.



He does a good job of showing the effects when modeling a slice of the whole.

Thanks. That was fun. I haven't seen...

They can (and do). What's the cost?

Paul Ryan is a stupid tool.

Keep in mind that it is because of the price system that you have internet access in the first place, and also why what you will have in the future will be better.

The term "black market" is misleading because it can seem like it is not regulated yet in fact the market is highly regulated. Economics thinks of markets in terms of goods and services (or labor or...

Buying in bulk benefits due to efficiency gains in higher production and distribution. It's something like a factory can make 100 widgets at $10 a piece or 1000 widgets at $9 a piece. This type of...

Earth is cooling because it snowed outside.

Yes. The reason why is called "economies of scale."* Interesting to note, economies of scale is one of the couple elements that make up monopolistic attributes that arise naturally.



It does...

I may be wrong in calling insurance strictly second-party payment. It seems to be a pseudo-second-party or pseudo-third party payment system.

When the person paying is the person buying and using. Like if you buy a sandwich with your money at the store that you eat.

Second-party is when the person paying is the person buying but not...

That too.

Economists don't think of (or at least try not to) costs as just dollar costs, but opportunity costs and baked into utility (preferences). Conceptually, it is appropriate to "price"...

You're right. It's a big problem in second-party and third-party payment systems.

Insurance is a second-party payment system. Government is a third party payment system. First-party is what we...

I want to expound on this, in part because it gets at a concept very useful for life that is at the heart of economics: marginalism.

A response to what I said in the quoted, which is a response...

The biggest natural monopoly I know of is airlines, and even they have enough competition naturally that their biggest problems are artificial restrictions.

As far as I can tell, voters and...

While there are natural barriers to entry in ISP, the causative factors for why there isn't sufficient competition such that deters one firm's market power (ability to set price) are artificial...

This change of preference is very true, and it is not involved with any shift away from seeking the most cost-effective option.

Even when unhealthy and dying, a $3000 treatment with 30% rate of...

What, in your estimation, makes ISP an exception?

Do customers not also want what is most cost-effective?

Price controls *can* allow for current quantity and quality of goods and services by a given distribution of producers over a given distribution of consumers to be "fair," though even this does not...

I think this fact has gotten lots of economists into trouble. Well, not trouble, but claiming things that don't make sense according to the literature.

Here's an example from this week with my...