Maybe the real puzzle is under what conditions do people maximize
rank or total stuff. F
> It doesn't have to be complicated, but it does have to be specific.
> A business trying to maximize market share is pretty specific, though
> with multiple product lines and sets of consumers there remains
Dr. Alexander Tabarrok wrote:
>There is a fairly famous empirical paper that I have heard of but I
>don't actually know the citation. What the authors found is that the
>best predictor of whether a wife works is the income of her sister's
>husband! Anyone care to provide the cite?
Neumark,
There is a fairly famous empirical paper that I have heard of but I
don't actually know the citation. What the authors found is that the
best predictor of whether a wife works is the income of her sister's
husband!
Anyone care to provide the cite? and more information? In principle
this sou
On Mon, 18 Feb 2002 13:30:36 -0800 Alex Tabarrok <[EMAIL PROTECTED]> wrote:
> My view is that the key issue is
> *not* the supply of organs per-se but rather the *supply of people who
> sign their organ donor cards*. Take care of this and the other problems
> are of second-order.
There are a co
The "American Dream" vs. the "Russian Dream"
One American farmer has a neighbor that just got a prize cow.
A Russian farmer similarly has a neighbor with a prize cow.
The American farmer's dream: to have a better cow than the neighbor.
The Russian farmer's dream: that the neighbor's cow dies.
A
"Eric M. McDaniel" <[EMAIL PROTECTED]> wrote:
> > > Since the amount of
> > > money in the "economy" here was fixed, paying 2 to 25 cents
> > to reduce
> > > another person's wealth by one dollar sounds like a pretty good
> > > investment decision to me,
> > in
> > > effect raising one's own wealt
Fabio Guillermo Rojas wrote:
> > pretty ignorant. Is it only rank about people who exist, or do potential
> > people count as well? Is it rank of money, power, or subjective utility?
>
>It doesn't have to be that complicated - how about rank among
>some small group? Like businesses trying to max
"Jacob W Braestrup" <[EMAIL PROTECTED]> wrote:
> How well this 'philosophy of envy' is rooted in people seems to me to
> be very dependent on culture. In the US people seem to care more about
> absolute gains than Europeans (especially Scandinavians, who seem to
> focus solely on relative gains
Fabio asked:
>
> Question: How would economic theory change if we assumed that people
> would are trying to maximize their relative rank in a group, or
> had a taste for decreasing other's utility?
Some, probably - but as it was noted by John Hull, economics can treat
envy and relative wealth
Dear list,
Why spend so much time discussing the 'optimal' parking meter strategy -
let the market figure it out!
What we need to do is to (re)privatize inner city streets (I don't know
what the story is in the US, but here in Denmark, streets were actually
once owned by the people who lived
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