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Economy

My excellent Conversation with Joe Studwell

Here is the audio, video, and transcript. The conversation is based around Joe’s new and very good book How Africa Works: Success and Failure in the World’s Last Developmental Frontier. Here is part of the episode summary: Tyler and Joe explore whether population density actually solves development, which African countries are likely to achieve stable […] The post My excellent Conversation with Joe Studwell appeared first on Marginal REVOLUTION. CommentsWhat is the definition of a developing ...

Global
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Politics

Resist the Temptation of Woodrow Wilson

The article cautions against embracing Woodrow Wilson's progressive ideals, arguing that his policies have led to unintended consequences that undermine individual liberties and national unity.

United States
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Economy

Regulating a Monopolist without Subsidy

We study monopoly regulation under asymmetric information about costs when subsidies are infeasible. A monopolist with privately known marginal cost serves a single product market and sets a price. The regulator maximizes a weighted welfare function using unit taxes as sole policy instrument. We identify a sufficient and necessary condition for when laissez-faire is optimal. […] The post Regulating a Monopolist without Subsidy appeared first on Marginal REVOLUTION. CommentsIn reply to deariem...

United States
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