Debt and taxes, should we care about their mix?
What is the optimal mix of debt and taxes, and does it matter? I believe that absent of extreme cases, […]
Economics of giving gifts
Although giving gifts has a prestige and social status function and is therefor not entirely “rational” in the classical sense
Basic electricity economics
Electricity is an energy resource like any other, with two major exceptions, the high cost of storage and inelastic demand.
Data Aphorisms
Over the years I collected some valuable data aphorisms. Let me share them. Some of them might save your career,
Chinese public debt
China is often held to be a model of economic growth, and by some to be worthy of emulation. Looking
The German Economy: It’s fine
I believe that recent allegations of an ailing German economy are overblown to fabricate fear and attention. The political cycle
Open secrets
Let’s say I own a public good with limited or costly excludability, as well as loose rivalry — a private beach. That is, I want my beach to be enjoyed freely and responsibly by a reasonable number of people. But I neither want to pay for a bouncer nor clean the beach myself. What to do is an open secret.