By "paradox" the author means Sutton (1991): greater competition => greater concentration. Okay. But you don't often hear people argue that the airline industry would be a better place if we brought the Civil Aeronautics Board back... www.theatlantic.com/ideas/archiv...

God I hate these scales. In what world are only top-20% students (esp. in my pool of people) "good" students?

📉📈 Now this is what I call a focused corporate strategy

Wer für heute noch kein St-Martins-Lied hat, das hier haben wir früher in Mülheim an der Ruhr gesungen (ohne klare Vorstellung von der Bedeutung):
Ssinter Mätes Vögelsche,
heet soan roat Kapögelsche,
cheflooge, chestoowe;
wiit, wiit öwer dä Rhin,
wo de fette Färkee sinn.

(1/x)

Devastating news today. We've lost a wonderful human and a brilliant mind. www.rochesterfirst.com/rochester/rp...

Our dear friend and colleague Heikki Rantakari is still missing. Hoping that someone in #Rochester has info that can help find him soon.
13wham.com/news/local/m...

Love this intro from Samuelson (1946), in which he translates a very applied question from Stigler (1945)---How did the cost of a nutritionally adequate diet change over the war years?, published in the J of Farm Economics---into a "wicked" linear-programming problem.

More IO models (today, Salop 1979) for the real world: "Europe’s first circular city". Alas, it looks like you can use the interior too. www.fastcompany.com/90964025/spa...

📉📈 Congrats to Claudia Goldin!! She was a student of Bob Fogel at Chicago. What other advisor-student Nobel pairs are there in econ?

Nobel? IO is long overdue. Bresnahan, Pakes, and I'll add John Sutton, whose work on market structure replaced decades of SCP.

Ariely et al. is not my area but I teach about it: What motivates people at work? This is not a bullshit but an important question, but which/whose answers can I trust any more?? The whole literature features large effects of minor/cheap interventions. Am I to call BS on papers based on that alone?

Great article. A long time ago I read about colleges as a prime example of first-degree price discrimination. Clearer to me now: 1. costs have NOT increased much over the past 20 yrs, and 2. most forms of aid (need or merit) are simply discounts, not funded.
www.nationalaffairs.com/publications...

#Econsky 📈📉 Introduction? Sure. I'm an applied theorist at the U of Rochester's Simon B School. My field is organizational econ, with interests in related areas such as IO (in which I did my PhD), labor, strategy, OB, org sci. Born into German family, married to an Australian, two grown teenagers.

"Twitter users arriving at Bluesky", Théodore Géricault, 1819