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Blogroll
Tag Archives: supplyanddemand
Dynamic pricing economics & ethics podcast discussion
My latest podcast episode is on the economics and ethics of dynamic pricing, as used by Uber and airlines among other businesses. I spoke yesterday with Ben Scott, Research Officer at my business Adept Economics, and you can listen to … Continue reading
Cannabis with Dr Stephen Thornton – latest Economics Explained episode
Several jurisdictions around the world, such as the US states of California and Colorado, have legalised cannabis, also known as marijuana. In Australia, the Australian Capital Territory will become the first Australian jurisdiction to legalise recreational cannabis use on the … Continue reading
Posted in Social policy, Tax
Tagged act, australia, california, cannabis, cannpal, colorado, marijuana, medicinalcannabis, mentalhealth, organizedcrime, pot, queensland, recreationalcannabis, regulateandtax, supplyanddemand, usa
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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 econometrics, economicmodels, esaqld, lse, models, qut, supplyanddemand, unitprices, units, uq
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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
Posted in Transport
Tagged airportlink, clem7, congestion, congestioncharges, congestionpricing, infrastucture, pc, ppp, productivitycommission, roadpricing, roads, supplyanddemand
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Queensland Economy Watch 