Friday, December 14, 2012
Bar exam for teachers
This article from the WSJ describes a proposal to require teachers pass the "bar". A disadvantage of the proposal is that it would restrict the supply of teachers. An advantage is that it could reduce problems caused by asymmetric information; the cost to parents of identifying good teachers is high.
Collusion
http://online.wsj.com/article/SB10001424127887324640104578160771350104876.html describes what is apparently a successful and long-lived cartel.
Wednesday, December 12, 2012
Natural Gas Regulation
This article describes the effects of LNG export permits on the liquid natural gas market.
Monday, December 10, 2012
Social Media
http://www.mckinseyquarterly.com/Demystifying_social_media_2958 is a nice article talking about how business can use social media.
Bargaining
http://www.nytimes.com/2012/12/09/business/getting-to-yes-offers-clues-to-fiscal-talks.html?ref=todayspaper&_r=0 is a good example of how switching costs affects bargaining outcomes.
Monday, December 3, 2012
What Economics Majors Earn
Numerous studies show that students who major in economics tend to have above-average incomes.
Film Clip for Auctions
http://www.youtube.com/watch?v=mp3LoPg7sYY&feature=youtu.be is a catchy example of an auction.
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