Eric Crampton • May 06, 2013 •
Economists know a few things. Among the things I think we know:People generally require compensation to take on a known risk of death or injury: safety is a good for most people; As people get richer, they require more compensation to take on a risk of given size: safety is a superior good; Risk-tolerance is heterogeneous across individuals, and not … Read More
Eric Crampton • Mar 13, 2013 •
New Zealand has one of the world's cleanest tax codes. It typically aims to avoid distortionary effects and to avoid collecting tax where the collection costs outweigh the taxes that would be collected. So we have GST on imported goods, but only where the total value of the import is high enough to make it worth IRD's time. And, we … Read More
Eric Crampton • Jan 30, 2013 •
Bill Kaye-Blake notes the macroeconomic consequences of the delayed Christchurch rebuild, and wonders whether we consequently should have more stimulatory monetary policy: First, I could see the logic in the plan. Austerity for reasons of national eco... Read More
Eric Crampton • Nov 14, 2012 •
There's a new 'Green Growth' report out. The Science Media Centre asked me for comment; here's what I gave them, along with a few additional comments below. “There’s much to like in the [Green growth] report. It rightly recommends that New Zealan... Read More