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