Thursday, December 29, 2005

Where should I move?

If there is a housing bubble, where is the bubble the biggest. Maybe Naples, Florida where one study says houses are 84% overpriced.

Monday, December 19, 2005

I always knew this

Economics majors on the rise. (hat tip to Denny Sullivan via Karen Zielke Simpson, the inaugural Vail prize winner at Miami)

Wednesday, December 14, 2005

The cost of motherhood

Steve Landsburg describes a study by Amalia Miller on the size of the foregone wages from having a child. The really cool part of the story is how Miller addresses the always knotty problem of distinguishing causation from correlation. (hat tip to Nicole Kozdron)

Adverse selection: is it just a good story?

Alex Tabarrok writes :

The market for lemons is simple enough for your friends to
understand but profound enough for them to be impressed at your learning, so it's a hard story not to tell!

Lots of interesting stuff on adverse selection in this post. (hat tip to Jared Barton via Mark McBride)

Friday, December 09, 2005

What's happening in the economy?

Here is an interesting and lively debate on the economy.

Thursday, December 08, 2005

Whence came the high deficit?

Angry Bear looks at deficit history. He concludes

So if you think that the federal government's spending has grown too
fast in recent years, turn your attention to defense spending and health
care.


Tuesday, December 06, 2005

Scrooge offers rebates

A nice story from Businessweek about rebates as hurdles. Is anyone's elasticity high enough to include a notarized birth certificate to qualify for a rebate? Thanks to Jim Brock for the lead.

Friday, December 02, 2005

Arranged marriage and incentive pay for parents

Dear Economist discusses arranged marriage as a principal-agent problem. Unfortunately, to view the entire article requires a subscription.

How's the economy doing?

Alan Greenspan and President Bush appear to differ.

Thursday, December 01, 2005

Nobel prize winner in economics Robert Vogel says.....

Vogel says lots of interesting stuff in this interview. For example, he discusses why

it took 4000 years to go from the invention of the plow to figuring out how
to hitch a plow up to a horse. And it took 65 years to go from the first flight
in a heavier-than-air machine to landing a man on the moon. Not only did that
happen in such a short period of time, but over a billion people all over the
world watched it happen.