Posts Tagged ‘incentive’

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    Incentive Matters

    Sep 30, 10 • 144 Views • Regulation, Thinking EconomicallyNo Comments

    Economics always seems to relate to incentives. Whether looking at demand and supply, or health care policy, or international trade, always we can return to how incentives shape our behavior. This takes me to several good incentive stories. An op-ed in the...

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    Bendy Buses and Health Care

    Sep 6, 10 • 97 Views • Businesses, Demand, Supply, and Markets, Developing Economies, Economic Debates, Economic Thinkers, Government, Regulation, Thinking Economically2 Comments

    Have you heard of a bendy bus? The bendy bus was supposed to solve Santiago, Chile’s public transit problems. But the story relates to each of us. It all began during 2007 when Santiago decided to replace its private bus system with public transit....

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    Overhead Problems

    Aug 25, 10 • 118 Views • Businesses, Labor, Thinking Economically6 Comments

    You’ve probably heard the story. Fed up, a flight attendant tells passengers what he really thinks of them, grabs a beer, presses the button for the emergency chute, and leaves the plane. The overhead storage bin might have been the reason. Overhead...

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    Public and Private Incentive

    May 18, 10 • 107 Views • Businesses, Demand, Supply, and Markets, Government, InnovationNo Comments

    For centuries, the US Postal Service delivered most of the mail. The job it did was satisfactory but not optimal. Yes, through sleet and snow, etc., we received our letters and packages but employees rarely focused on cutting costs and innovating. Two...

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    Yacht Lessons

    Apr 11, 10 • 114 Views • Government, Thinking EconomicallyNo Comments

    When we think about taxes, we should look at yachts. In 1990, because of a new luxury tax, anyone who purchased a yacht paid 10% more. The result? People stopped buying domestically made yachts. Yacht makers went out of business and the government never...