Why would an American citizen be using the title sir? If he had a KBE, he still wouldn't use the title in front of his name.
- 01/10/2007
- 12:43:58
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OPEC actually sets production quotas (with an eye to a price level) which is more like Cournot than Bertrand.
- 01/10/2007
- 12:24:42
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Giving all the digits like this makes it very hard to read the values - cut down to billions of dollars with no decimal places and things get clearer.
- 01/10/2007
- 12:04:56
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This doesn't mention Saudi Arabia's role as a swing producer. Are prices real or nominal?
- 01/10/2007
- 11:48:03
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This doesn't really mention the fact that interest rates that suit the euro-zone may not suit the UK if the cycles are not aligned. I think I've heard about evidence - perhaps from Italy - that some prices went up as the Euro was adopted (would need checking)
- 01/10/2007
- 11:33:49
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This ignores the fact that hybrids are typically large cars, and smaller cars use less fuel - small diesels have lower emissions than hybrids (which also perform less well on long trips than in an urban cycle).
- 30/09/2007
- 09:07:29
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Cournot models make more sense if you think of the firms as setting capacity, and then producing up to capacity (so marginal costs are low)
- 30/09/2007
- 08:59:42
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Is perfect contestability relevant for Microsoft which spends years developing its programs?
- 30/09/2007
- 08:47:54
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If you balance the budget, including interest payments, then the debt stays constant in money terms and falls in real terms, and relative to the size of a growing economy.
- 30/09/2007
- 08:36:41
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I can't see the diagram, but if you have got excess demand, is that because you have a supply curve, which is perfect competition, not monopoly. Government can require the monopoly to meet all the demand it gets at the regulated price.
- 30/09/2007
- 08:29:11
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This messes up elasticity - demand was always very inelastic in the short term, and gets less inelastic in the medium term. Talking about the price as it it moved steadily from 1.30 in 1970 to 28 now, without mentioning peaks and troughs, is crazy.
- 30/09/2007
- 08:25:01
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Regulating public transport with a price ceiling won't lead to excess supply if theres a rule that the firms also have to meet demand at the regulated price - difference between a monopoly and the supply curve of a competitive industry.
- 30/09/2007
- 08:15:22
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Putting parts of a doll together to make a whole doll is MANUFACTURING, not a service! Insuring the parts while they move between countries would be a service; designing the doll might be one.
- 30/09/2007
- 08:11:13
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You can't get a good comparison by just siting GDP figures but need to use per capita GDP - and have you used purchasing power parity exchange rates?
- 30/09/2007
- 08:04:38
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You could also talk about efficiency wages, which is when a firm does better to offer a higher wage because it gets better workers, or they work harder...
- 30/09/2007
- 07:58:38
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Waud is a secondary source - better to cite whoever first wrote about the need to have a coincidence of wants.
- 30/09/2007
- 07:52:26
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This is too old to be much use except as deep background now - pity, as its good stuff.
- 30/09/2007
- 07:49:36
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This essay says there's a problem but if the only solution it offers is voluntary action, we are unlikely to make things better. What could be done to enforce sustainable development?
- 30/09/2007
- 07:45:21
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