Tagged: Industrial economics

Countdown and wholesalers: Are consumers the ones benefiting? - The Dismal Science

Matt Nolan Feb 24, 2014

There has been a bit of discussion about Countdown hurting wholesalers to get prices down, flexing their muscle shall we say (here and here).  The Commerce Commission is concerned about this and is investigating. Via Twitter I noticed that the concerns about supermarkets being bullies has led to an increasing desire to do something about […] … Read More

RIP Armen Alchian - The Dismal Science

Matt Nolan Feb 20, 2013

It was very sad to hear the Armen Alchian passed away today. His views on the theory of the firm had a big impact on the profession, and on me as an individual.  I remember finding Production, Information Costs, and Economic Organization (pdf, summary) extremely useful as a student – it was probably the first [...] … Read More

Price discrimination based on gender: Sexist or fair? - The Dismal Science

Matt Nolan Sep 17, 2012

I see via Stuff that women have to pay more for haircuts.  This is true – in fact there are a number of service related areas where the woman’s version of that service costs more than the man’s version.  Undeniably, we are seeing price discrimination at work. Now I’m not terribly against price discrimination – [...] … Read More

On “currency wars” - The Dismal Science

Matt Nolan Sep 08, 2012

We keep hearing concerns about “currency wars” around the wold, with the blame being put on Quantitative Easing.  In fact our Reserve Bank even came out to complain about QE. But to be honest, this argument is nonsensical unless you are explicitly forecasting “monetary policy failure” overseas. Lets go back to Esssays on the Great [...] … Read More