marmite4ever.bsky.social
Salty, savory, and slightly bitter. Also an economist.
11 posts
18 followers
141 following
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Didn't Rogan endorse Bernie in 2020 primary and then vote for Trump? He's not a republican. He seems to believe in personal freedom, masculinity and be anti-establishment. It seems progressive democrats gave up on trying to persuade working class men.
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Reason has a lot of good articles: reason.com/category/cri...
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This isn't just marketing. The name behind a policy tells us about the underlying motivation and what other policies may follow. E.g. "baby bonus" supporters may also want to ban abortion.
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We people calling up the port today to ask them to put everything back on the boat and drive around the block a couple of times?
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FWIW, isn't your example essentially saying "increasing supply lowers prices"? Suppose we go from (1,0),(1,0), so both agents compete over A to (1,1) (1,1), so both agents are happy with either item. Revenue drops from 1 to 0.
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Looked a bit more closely... yup, bidder 1 in their example has complementary preferences.
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This talks about it... web.stanford.edu/~milgrom/pub...
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Should we scrap the cap on benefits too? The whole point of social security is that you get out what you put in (kind of).
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Based on the FCC auctions alone, the government got a pretty good return on its investment. And then there's ad auctions, procurement auctions, utility regulation,...
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In terms of elasticities... this paper suggests that 0.7% of families didn't have a third kid because they had to upgrade the car (at a cost of ~10k). www.journals.uchicago.edu/doi/abs/10.1...
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The numbers for Michigan and Wisconsin are 38% and 29%.