[no subject]
Armchairs: Could you please describe in layman's how does fiat money work? It is money based on regulation right? But is there a regulation that determines its value? Thanks
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/
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: Quantity/Bulk discounts
> 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/
Firing Line
Italy's restrictions on firing employee's are so bad that a bank was prevented from firing a money launderer and it are so entrenched that recent attempts to reform the system have led to the assasination of the reformers. See Alan Krueger's piece http://www.nytimes.com/2002/06/27/business/27SCEN.html which I was alerted to by Kausfiles who has some other links, see entry for Friday July 5 here http://slate.msn.com/?id=2067592 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]
