Friday, December 30, 2022

California just increased demand for econometricians

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Senate Bill 1162 will also amend the requirements for employers regarding pay data reporting. For example, a private employer that has  100 ...
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World income distribution

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Wednesday, December 28, 2022

Another gender gap: compensating differentials for being thin

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 From the Economist, The economics of thinness , Myriad studies which find that overweight or obese women are paid less than their thinner...
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Monday, December 26, 2022

The zero-sum fallacy explains political orientation

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Thomas Sowell noted that the same people often take different sides of seemingly unrelated issues. The zero-sum fallacy --that if one pers...
Sunday, December 25, 2022

Why are bakers adding sesame to their products?

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MarginalRevolution.com has the answer: APNews: A new federal law requiring that sesame be listed as an allergen on food labels is having u...
Wednesday, December 14, 2022

Uncertainty as a tax on mergers

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President Biden's Antitrust leadership wants fewer mergers, but changing merger policy is hard when your decisions can be reviewed by a ...

Collusion on how to compete

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https://twitter.com/Noahpinion/status/1602753162166665217 HT:  MarginalRevolution.com
Saturday, December 3, 2022

Consult an economist before buying a wedding dress

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When Stephanie (her name has been changed to avoid embarrassment) went shopping for a wedding and bridesmaid dresses, she found valuable ad...
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How did Blockbuster's CEO solve the double marginalization problem?

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Hal Varian's (Chief Economist at Google) tells the story of Blockbuster (a video "rentailer") and its distributors who suffere...
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Noisy ESG metrics lead to moral hazard and adverse selection

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  Noisy performance metrics lead to moral hazard (firms shirk on ESG efforts), and adverse selection (ESG investors more likely to invest in...
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