Why Behavioral Economics Needs Behavioral Biology: Avoiding Arms Races
Are behavioral economists really nudging people in the right direction?
Read more...Category Archives: Market inefficiencies
Cold Truth: The Texas Freeze is a Catastrophe of the Free Market
Yves here. The collateral damage of the Texas power grid power failures is getting worse and worse. Extensive burst pipes now mean that 14 million (no typo) are without potable water. From the Wall Street Journal: More than 14 million people in Texas are without safe drinking water, as the fallout of a severe winter […]
Read more...Corporate Concentration in the US Food System Makes Food More Expensive and Less Accessible for Many Americans
How Big Food increases prices in categories like bread, beer, processed chicken, and packaged salad, and what to do about it.
Read more...Some Implications of the GameStop Short Squeeze
The seeming success of the GameStop short-slayers could in the long run come at high cost to some of them and most of us.
Read more...Elizabeth Warren’s Not-Ready-for-Prime-Time Robinhood/GameStop Intervention
Elizabeth Warren is back in swinging hard, but she’s not yet connecting with the balls.
Read more...Wolf Richter: Historic Mania in SPACs, IPOs. Huge Fees for Wall Street Banks. Mega Paydays for Insiders. Disdain for Valuations. Blind Faith that “This Time It’s Different”
SPAC mania, with billions raised: this time it’s different, everyone is saying again – another sign that the zoo has gone nuts.
Read more...Rise of the Superstar Firms: Taking Oligopoly Seriously in Macroeconomics
Quelle surprise! Only now that EU and US officials are up in arms about monopolies are macroeconomics pros taking it seriously.
Read more...Wikipedia: The Overlooked Monopoly
Low-quality anonymous “editors” combined with a Google tie-up turned an interesting experiment into an overlooked but destructive monopoly.
Read more...The Merits of Fire Sales and Bailouts in Light of the COVID-19 Pandemic
Fire sales are not as detrimental as executives desperate to save their jobs would have you believe. That means bailouts may be overdone.
Read more...Stunning Brick & Mortar Meltdown, Manhattan Style: The Collapse of Retail Rents Before & Now During the Pandemic
Store rents had already plunged, amid a surge in vacancies. Then in the spring, the market froze; when it thawed, rents dropped to 10-year lows.
Read more...Schaudenfreude Alert: Bezos-Buffet-Dimon Health Care Industry Disruptor Haven Makes Faceplant, Announces Closure
Even three rich smart guys couldn’t get a half baked idea like Haven off the ground.
Read more...4 Burning Questions on the Global Vaccine Rollout
Warnings of “corruption and incompetence coming together,” as vaccine distribution begins.
Read more...Antitrust Spring
Regulators and officials are dusting off antitrust rule books to go after tech monopolists.
Read more...How Dairy Monopolies Keep Milk Off the Shelves
How consolidation in dairy processing has led to overproduction of milk and dumping.
Read more...Introducing *An Economic Program for American Democracy*
A 1938 economic manifesto makes modern day schemes look inadequate and unimaginative.
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