Tagged: markets

Now you see it - The Dismal Science

Donal Curtin Apr 25, 2018

You want to buy a widget. Bugsy’s has the model you want, it’s $6. Malone’s also sells it, for $5. You may not know Malone’s got it cheaper, so you end up paying a dollar too much at Bugsy’s. But suppose Bugsy’s and Malone’s are required by the Prevent-A-Widget-Ripoff Authority to post their prices online?  With a moment’s search you … Read More

Opinion: Economic growth within Environmental limits - The Dismal Science

Michael Reddell Apr 20, 2018

That was the title of a speech David Parker gave a couple of weeks ago.  Parker is, as you will recall, a man wearing many hats: Minister for the Environment, Associate Minister of Finance, Minister for Trade and Export Growth, and Attorney-General.  Since he was speaking to a seminar organised by the Resource Management Law Association, this speech looked … Read More

Competition and search in internet markets for used books - The Dismal Science

Paul Walker Mar 02, 2018

A couple of years back in an email about my book The Theory of the Firm: An overview of the economic mainstream I wrote: The other thing I don’t get is the price dispersion. $180 at the book depository but $355 at the NZ based Mighty Ape website. Isn’t this internet thingy supposed to do away with price … Read More

Media merger: Common sense – at last - The Dismal Science

Donal Curtin May 05, 2017

Yesterday I warned you that I was writing a piece for competition policy tragics, and this is it. In the event it’s not terribly technical, so give it a go even if you’re not a tragic – especially as it shows how we’ve got, finally, to a better place when it comes to assessing things like the NZME/Fairfax … Read More

What’s happening at the petrol pump? - The Dismal Science

Donal Curtin Mar 06, 2015

Petrol prices, and petrol profit margins, have been in the news. Labour, for example, wants an inquiry; ACT doesn't; and apparently the AA hasn't been happy about 'miserly' falls in local petrol prices as the world oil price has dropped sharply.Much of the attention has been based on MBIE's weekly monitoring of 'importer margins', the 'importer margin' … Read More