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A Prisoner at 30,000 Feet | The Beardless Economist
https://economicconsulting.wordpress.com/2009/08/13/a-prisoner-at-30000-feet
August 13, 2009. A Prisoner at 30,000 Feet. Filed under: economic consulting. 8212; Tags: economic consulting. 8212; stephanlevy @ 2:04 pm. So, how is AirTran able to get its passengers to pay to reserve a seat while the passengers have an incentive not to pay? Because each individual passenger faces what in economics is known as a classic Prisoners’ Dilemma. The Prisoners’ Dilemma. Or at least everyone who cares) pays the reserved seat fee. No matter what the other traveler chooses. Teaching Your Kids A...
Bowling for Senators | The Beardless Economist
https://economicconsulting.wordpress.com/2009/03/27/bowling-for-senators
March 27, 2009. 8212; stephanlevy @ 3:31 pm. In 1998 my Alma Mater, Tulane University, had an undefeated football season, won it’s bowl game, and finished ranked #7 in the nation. They were not considered for a Bowl Championship Series game and precluded from competing for the mythical national college football championship. Several other “non-BCS” schools have since similarly gone undefeated and yet been shut out of a national championship game. Here are a list of candidates:. And what are the damages?
Update: Immunity Challenges | The Beardless Economist
https://economicconsulting.wordpress.com/2009/07/13/update-immunity-challenges
July 13, 2009. 8212; stephanlevy @ 8:46 am. To update my post. From two weeks ago, today’s Wall Street Journal. Leave a Comment ». Feed for comments on this post. Leave a Reply Cancel reply. Enter your comment here. Fill in your details below or click an icon to log in:. Address never made public). You are commenting using your WordPress.com account. ( Log Out. You are commenting using your Twitter account. ( Log Out. You are commenting using your Facebook account. ( Log Out. A Prisoner at 30,000 Feet.
Good Morning, Here’s the News | The Beardless Economist
https://economicconsulting.wordpress.com/2009/03/20/good-morning-heres-the-news
March 20, 2009. Good Morning, Here’s the News. 8212; Tags: Antitrust. 8212; stephanlevy @ 10:29 am. House Speaker Nancy Pelosi has proposed that newspapers receive some form of exemption from antitrust laws. Now Attorney General Eric Holder has come out in support of this proposal. Granting antitrust exemptions is something that should be approached cautiously. In this case, it may not even be necessary. Policymakers should consider whether newspapers compete with a wide variety of news sources, or just ...
Immunity Challenges | The Beardless Economist
https://economicconsulting.wordpress.com/2009/06/30/immunity-challenges
June 30, 2009. 8212; Tags: airline. 8212; stephanlevy @ 4:06 pm. The Wall Street Journal. What’s the big deal? The airlines derive several benefits from code sharing arrangements. First, code sharing allows the carriers to offer larger networks to their passengers without the costly expense of expanding. As an additional benefit, by expanding volume over the existing network, airlines are able to fill more seats, eliminating excess capacity. Leave a Comment ». Feed for comments on this post. You are comm...
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Skyline Views | Applied Economics for Everyone
August 13, 2009. A Prisoner at 30,000 Feet. Filed under: economic consulting. 8212; Tags: economic consulting. 8212; stephanlevy @ 2:04 pm. So, how is AirTran able to get its passengers to pay to reserve a seat while the passengers have an incentive not to pay? Because each individual passenger faces what in economics is known as a classic Prisoners’ Dilemma. The Prisoners’ Dilemma. Or at least everyone who cares) pays the reserved seat fee. No matter what the other traveler chooses. July 13, 2009. Is re...
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