…vaginal creams. The controversy There may be some validity to a limited change in the label of female hormone replacement products. The original study showing the potential for harm from…

…MSNBC, and others. And more, most of it indicative of a desire to have state-controlled media instead of a free press. “FCC Broadcast Accountability” came under the label of “Reform.”…

…no matter the labels thrown upon them, going back 1000s of years. Its recurring features — concentrated power, weak accountability mechanisms, suppression of organized opposition — are structural problems of…

…Seem fair to you? Pareto devotees please comment. I know exactly where everyone’s going with this: incentives and behavioral responses. And I have to admit that I did make one…

…reform debate and recall how forcing people to buy insurance, whether they want it or not, can be Pareto improving in a standard economic model. Now on the original topic,…

…empirical data often can’t distinguish among light (e.g., normal) or heavy tailed (e.g., pareto) distributions. The model selection problem then becomes a question of optimism or pessimism in the face…

…saying “this is the best of all possible worlds.” You can’t improve on equilibrium unless you choose a non-Pareto-optimal solution (i.e., a solution in which at least one person is…

…spaghetti farm. Using Pareto analysis of the flow of parts through a factory from the routing of operations to make a part, it is, and was entirely possible to achieve…

…firms with such a rule have a viable business plan. What am I missing ? Hilzoy finds a fascinating story about the Pareto improving wonders of renegotiation of mortgage contracts….

…or less vanish (it can’t be less than zero). So why worry ? The argument based on the absence of a clear trend actually has a noble pedigree. Pareto argued,…