Tag Archives: supplyanddemand

Economists and their models

Across Brisbane at the moment there is a huge amount of residential construction activity, particularly of apartment towers. Our understanding of supply and demand suggests this will suppress the growth of unit prices in the near future, or in the … Continue reading

Posted in Housing, Macroeconomy, Uncategorized | Tagged , , , , , , , , , | 2 Comments

Productivity Commission re-litigates road pricing reform

In situations where demand exceeds supply, a good or service can either be rationed by queuing or rationed by price. Economic theory is clear that it is most efficient to ration by price, as the good or service goes to … Continue reading

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ABARES forecasts large increases in seafood prices over coming decades

The traditional seafood feast at Christmas will become much more expensive in future decades as limitations on our seafood stocks mean that rising demand significantly increases prices. This forecast is contained in ABARES’s new publication Global food production and prices … Continue reading

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