First-degree price discrimination is now . . . or “it’s not what the market will bear but what each individual will bear.” The one-handed economist Economists dislike monopolies because they reduce “surplus” — relative to a market with perfect competition — by restricting quantity supplied to increase prices. The figure below compares consumer surplus (CS) to producer(s) surplus (PS) […]
“Nuts & Bolts” David Zetland The one-handed economist Book Review: I bought this 2023 book by Roma Agrawal after hearing her interviewed on a podcast. I was really excited to read about “tiny inventions that make our world work,” but I was ultimately disappointed. My main complaint is with Agrawal’s theme of (a) telling stories about how […]
“Small town vs big city economics,” The one-handed economist How do the small rural communities still manage to exist with decent living conditions? Take for example any small rural village in a country such as Bulgaria or Croatia or South Africa with around 1,000 people. People there are working, have/self-supplied food, water, sanitation facilities, a […]
One of Economist David Zetland’s students. True pricing: effects on competition – The one-handed economist Sarah writes* Although Trump has once again pulled the U.S. out of the Paris Climate Agreement, American firms still face consequences in EU markets. Numerous countries are still committed to non-legally binding climate targets, but the EU demands full adherence […]
Income-based pricing is a bad idea, The one-handed economist, David Zetland I learned, via GS, that some Berkeley researchers have proposed [pdf] customers should pay for electricity based on their income. Thus, I would pay half of what you would pay if I made half the income you did. This is a terrible idea, IMO, but I can […]
I live halfway between Phoenix and Tucson. Pretty much what you would call desert if you were new to the area like I am. Water is an issue as much of it comes from the Colorado river. The limits to draw water from the Colorado are still being determined or in a flux. The states […]
I have heard of this. Have not used it. But, I wonder what will happen to our own creativity. We humans are supposed to be a curious, thoughtful, and an intelligent specious. We do the unexpected in different environments and situations which makes us unique. No two of us are alike or react the same. […]
Thoughts on this commentary? Marseille: full canal and empty streams, The one-handed economist, Margot . . . Margot writes* Despite being located in a dry and warm region, Marseille is described as the “world capital of water” by the World Water Forum. Indeed, Marseille is known for its efficient water management and water infrastructures like the […]
Economist David Zetland lets us know our place of birth has a much larger impact on our success or failure globally than what we suspect. It is not solely up to us to be successful. The country of our birth has a great impact. Understanding this, exploring books about success can offer valuable insights into […]
One Handed Economist David Zetland reviews a review by The Economist of the book Superabundance. I admit I did not read the book or even scan it. I will do so later when I have some time to do so. The subtitle kind of gives it away as it promotes (“The Story of) Population Growth, […]