Showing posts with label think and grow rich. Show all posts
Showing posts with label think and grow rich. Show all posts
Thursday, November 07, 2019
Thursday, July 02, 2015
The Stupid Rich
Interesting piece from the Richmond Fed.
A search-theoretic model features buyers’ ability and willingness to shop around as an explanation for price dispersion. In this new model, motivation to shop around or not shop around doesn’t matter. All that matters is that some people do and some people don’t. And this likely leads to price dispersion.
Description from web site:
For many years, economists have observed substantial and pervasive price dispersion — wide variations in price for the same product. Some economists have attributed price dispersion to "ignorance in the market," a lack of information among buyers and sellers. More recently, economists at the Richmond Fed and the University of Pennsylvania have developed a model that combines price dispersion theory with intertemporal price discrimination theory to suggest that buyers' differing ability and willingness to shop around might explain price dispersion.
This could bring on buyer's remorse, of course. UNLESS you are one of the stupid rich.
A search-theoretic model features buyers’ ability and willingness to shop around as an explanation for price dispersion. In this new model, motivation to shop around or not shop around doesn’t matter. All that matters is that some people do and some people don’t. And this likely leads to price dispersion.
Description from web site:
For many years, economists have observed substantial and pervasive price dispersion — wide variations in price for the same product. Some economists have attributed price dispersion to "ignorance in the market," a lack of information among buyers and sellers. More recently, economists at the Richmond Fed and the University of Pennsylvania have developed a model that combines price dispersion theory with intertemporal price discrimination theory to suggest that buyers' differing ability and willingness to shop around might explain price dispersion.
This could bring on buyer's remorse, of course. UNLESS you are one of the stupid rich.
Friday, January 13, 2012
Krueger on Inequality
This would be Alan ("Nominal") Krueger, not Anne ("Real") Krueger. The problem is that Alan is not adjusted for infliction (of nonsense).
His screed on inequality and its causes.
The slides for the speech.
The topic is an important one. Dr. K's presentation of the problem are interesting. Not sure why he decided to go all simplistic on the "causes," tho. This is complicated.
(Nod to E-Chris)
His screed on inequality and its causes.
The slides for the speech.
The topic is an important one. Dr. K's presentation of the problem are interesting. Not sure why he decided to go all simplistic on the "causes," tho. This is complicated.
(Nod to E-Chris)
Sunday, November 06, 2011
D-Boo Deals
I think D-Boo pretty much p'wns this guy. But to be fair the other guy appears to be an idiot.
Still, give credit where credit is due: Donald Boudreaux, we salute you! Grow on, you crazy China! I would like for all of us to be rich, NOT for the US to be dominant.
Still, give credit where credit is due: Donald Boudreaux, we salute you! Grow on, you crazy China! I would like for all of us to be rich, NOT for the US to be dominant.
Tuesday, September 06, 2011
Headline of the Month
"Nearly 40% of Europeans Suffer Mental Illness"
Lets see, JC Trichet, check; DSK, check; Sarkozy, check; Silvio Berlusconi, check; Joseph Ratzinger, check......
Hmmm, maybe that number is a bit low?
Interestingly, the percentage was only 27% in 2005 (it's 38% now).
That is an excellent rate of return in these troubled financial times, so I feel fully justified in recommending that our readers go LONG IN EUROPEAN MENTAL ILLNESS.
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