Market Intervention
The Dust Bowl - Natural or Man-made Disaster? (12/21/2001)
High transaction costs, whether natural or artificial, could delay the transfer of property rights from lower-value use to higher-value use.
High transaction costs, whether natural or artificial, could delay the transfer of property rights from lower-value use to higher-value use.
What Makes Rights? (12/21/2001)
Temporary property rights created out of sympathy or a preference for insiders over outsiders might become politically entrenched.
Temporary property rights created out of sympathy or a preference for insiders over outsiders might become politically entrenched.
Flying in the Red (9/3/2005)
Airlines deregulation has allowed more competitive discounters to grow at the expense of high-cost traditional hub-and-spokes airlines. But instead of exiting the market, the unprofitable traditional airlines hang on for dear life.
Airlines deregulation has allowed more competitive discounters to grow at the expense of high-cost traditional hub-and-spokes airlines. But instead of exiting the market, the unprofitable traditional airlines hang on for dear life.
Byrding for Profit (6/25/2004)
U. S. shrimpers use anti-dumping protection to resist competitive pressure from more efficient Asian shrimp farmers and to gain defacto subsidy.
U. S. shrimpers use anti-dumping protection to resist competitive pressure from more efficient Asian shrimp farmers and to gain defacto subsidy.
Blocked Exit (3/7/2002)
Inefficient firms in mature industries often are preserved for political reasons long after they should have exited the market.
Inefficient firms in mature industries often are preserved for political reasons long after they should have exited the market.
Aborting White Flight (11/1/2000)
An ethnically integrated neighborhood may not come about or persist if it is not reinforced by deliberate intervention.
An ethnically integrated neighborhood may not come about or persist if it is not reinforced by deliberate intervention.
Rent Ceiling (8/31/2000)
Rent control in Boston, MA has led to most apartments charging rent right up to the price ceiling. The effective rent is actually higher if under-the-table payments are included.
Rent control in Boston, MA has led to most apartments charging rent right up to the price ceiling. The effective rent is actually higher if under-the-table payments are included.
The Logic of Collective Action (12/21/2001)
Narrow special interests are often more politically powerful because they are easier to organize and the benefits of membership exceed the cost of participation.
Narrow special interests are often more politically powerful because they are easier to organize and the benefits of membership exceed the cost of participation.
Milked to Order (6/22/2006)
Milk price support has discouraged vertical integration in the milk industry that might have led to cheaper milk for and lower tax on milk consumers.
Milk price support has discouraged vertical integration in the milk industry that might have led to cheaper milk for and lower tax on milk consumers.
