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Small Steps Toward A Much Better World
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19 ноября, 15:25

Thrasher and Gaus on the Calculus of Consent

Writing for the The Oxford Handbook of Classics in Contemporary Political Theory, political philosophers John Thrasher and Gerald Gaus review Buchanan and Tullock’s The Calculus of Consent: Calculus advances new methods in an attempt to solve an old problem: the problem of democratic justification. While democracy claims to be the “rule of the people” in any […] The post Thrasher and Gaus on the Calculus of Consent appeared first on Marginal REVOLUTION.

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19 ноября, 10:54

How to fix racial bias in policing

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We estimate the degree to which individual police officers practice racial discrimination. Traffic police regularly discount the charged speed on drivers’ tickets to avoid a discrete jump in the fine schedule. This behavior leads to an excess mass in the distribution of charged speeds just below the jump. Using a bunching estimation design and data […] The post How to fix racial bias in policing appeared first on Marginal REVOLUTION.

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19 ноября, 08:49

This seems whacky, yet I cannot refute it (from the comments), tax incidence department

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Here is an unrelated topic, but part of the general topic of tax incidence. Do federal employees pay income tax on their wages? I know they do nominally, but that tax goes back to their employer, the federal government. So, doesn’t that mean that, while their actual salary may be lower than their official nominal […] The post This seems whacky, yet I cannot refute it (from the comments), tax incidence department appeared first on Marginal REVOLUTION.

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18 ноября, 21:15

Saturday assorted links

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1. Does grade inflation boost home prices?  I am pretty sure that is the wrong framing, but still a result of interest. 2. Are there momentum-based excess returns from monetary policy shocks? 3. Forty percent of the buildings in Manhattan could not be built today (NYT).  #zoning 4. “This is not a pig.” 5. Blind triplets […] The post Saturday assorted links appeared first on Marginal REVOLUTION.

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18 ноября, 15:56

When does caste integration bring greater understanding?

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It should be collaborative rather than adversarial: Integration is a common policy used to reduce discrimination, but different types of integration may have different effects. This paper estimates the effects of two types of integration: collaborative and adversarial. I recruited 1,261 young Indian men from different castes and randomly assigned them either to participate in […] The post When does caste integration bring greater understanding? appeared first on Marginal REVOLUTION.

18 ноября, 08:18

The gains from cutting corporate tax rates

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Here is a recent paper by Stephen Bond and Jing Xing: We present new empirical evidence that sector-level capital–output ratios are strongly influenced by corporate tax incentives, as summarised by the tax component of a standard user cost of capital measure. We use sectoral panel data for the USA, Japan, Australia and eleven EU countries […] The post The gains from cutting corporate tax rates appeared first on Marginal REVOLUTION.

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17 ноября, 19:23

Friday assorted links

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1. “…broccoli, Brussels sprouts, cauliflower, kale, cabbage, and collard greens are all technically the same species, Brassica oleracea.” Link here. 2. “Our bland, featureless Midwest—on some level, it is a fantasy.” 3. Does a study of Twitch.tv indicate net neutrality is a bad idea? 4. A dozen business lessons from Waffle House. 5. Tweetstorm on Cheesecake […] The post Friday assorted links appeared first on Marginal REVOLUTION.

17 ноября, 15:50

The Uber Tipping Equilibrium

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What is the effect of tipping on the take-home pay of Uber drivers? Economic theory offers a clear answer. Tipping has no effect on take home pay. The supply of Uber driver-hours is very elastic. Drivers can easily work more hours when the payment per ride increases and since every person with a decent car […] The post The Uber Tipping Equilibrium appeared first on Marginal REVOLUTION.

17 ноября, 09:24

Let them sell the Norman Rockwells

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The Berkshire Museum, yes.  They were going to sell 40 paintings at Sotheby’s, including two very special Norman Rockwells, but at the last minute a court decision halted the sale, claiming (with only thin justification) that the sale would violate the museum’s trusts.  That is the setting of my latest Bloomberg column, here is one […] The post Let them sell the Norman Rockwells appeared first on Marginal REVOLUTION.

17 ноября, 09:07

My favorite or most influential Spanish-language works

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Greg Irving emails me: Hello Prof. Cowen, I wonder if you might be tempted to create a blog post, at your convenience, of Spanish language works, ideally read in the original, that have most impacted either a) your appreciation for some till then unknown nuance or beauty in the language or b) your knowledge of/appreciation […] The post My favorite or most influential Spanish-language works appeared first on Marginal REVOLUTION.

16 ноября, 21:50

My review of Edward Balleisen’s book *Fraud*

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It is in the new issue of the Times Literary Supplement (a wonderful periodical of course), right now this link is ungated, for how long I do not know.  I thought the book was very well-written and especially impressively researched.  But on the side of economics and conceptual framework, I found it too biased.  Here […] The post My review of Edward Balleisen’s book *Fraud* appeared first on Marginal REVOLUTION.

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16 ноября, 19:14

Thursday assorted links

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1. Eleven recommended documentaries from 2017. 2. The continuing presence of Elliott Carter, by Eric Lyon. 3. Can eggs pick sperm? 4. Longform podcast with me, Aaron Lammer is the interviewer. 5. How exactly dumping the mandate would play out. 6. Identification in macroeconomics. 7. Excellent NYT obituary for Uwe Reinhardt. The post Thursday assorted links appeared first on Marginal REVOLUTION.