Blog

Category: Public Policy

  • Improving Public Policy Through Testing

    David Halpern is an interesting character. Originally an advisor to Tony Blair’s Labour government he went on to establish the U.K.’s Behavioural Insights for David Cameron’s Conservative government. His CV makes sense to me given what he specializes in. His aim is to make government policy better. The politicians decide what should be done and Halpern tries to ensure it…

  • Are Free Markets Discovered Or Created?

    A key social science question is: Are Free Markets Discovered Or Created? This has surprisingly large political consequences. For example, what is the role of government? How much does it create the conditions for prosperity, or should it just get out of the way? Market Design Market Design is the study of what makes for…

  • Why Even The Best Economists Don’t Get Marketing

    George Akerlof and Robert Shiller have good points, excellent stories, and a clear aim in Phishing for Phools. The aim is to convince economist colleagues that all market outcomes aren’t perfect. I applaud their aim. That said, their conceptualization assumes consumers (and others) are robots with a monkey on our backs. The monkey prevents us from being “fully rational”. I’d say, however, that we…

  • Who Doesn’t Want Nudges And Competent Government?

    The idea of nudging, structuring decisions to encourage people to make good choices, is surprisingly controversial. An example of a nudge might be to encourage those who are qualified to take up a social benefit or to get a tax break to do so. The nudge might be as simple as creating an easy to use application…

  • Price Discrimination And Seniors

    Peter Shawn Taylor discusses price discrimination and seniors. He argues for the abolition of seniors’ discounts. There is probably a discussion worth having over where to target government benefits. Do rich seniors get benefits that might be better targeted at younger people? I think this can be the case (although senior poverty remains a major…

  • Sales And Consumer Protection

    Peter Shawn Taylor discusses sales and consumer protection. He criticizes the Canadian Competition Bureau “for going after retailers for discounting too often” (Taylor, 2015). The piece was interesting. Sadly, Taylor’s arguments were unconvincing. Sales And Consumer Protection I’ll focus upon the general arguments rather than the specific cases. I cannot comment on the specific details…

  • Natural Monopoly And The Beer Store

    A natural monopoly occurs when an industry gives the best social outcome if it is run by a single firm. For instance, building two railways lines to a small town wastes resources. the two lines, therefore, don’t increase public welfare. What can we say about natural monopoly and the Beer Store? The Problem Of Monopoly…

  • More On Evaluating Student Evaluations

    Today’s piece has more on evaluating student evaluations. Braga, Paccagnella, and Pellizari’s (2014) article is a useful contribution to the debate about student evaluations. The Challenge Of Evaluating Evaluations This research does have limitations. For example, it is based on one school. Furthermore, the very strength of the article (random assignment of students to classes)…

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