Category Archives: Uncategorized

Allocation of Water Rights through Auctions

Since 2012, the journal Science has published a series of informal surveys called “NextGen Voices” regarding various aspects of science. The most recent NextGen survey posed the following questions: “Imagine that there is unlimited funding available for one currently unexplored … Continue reading →

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Can you spot the fallacy in this pie chart?

Why does the absolute size of the pie appear fixed? (H/t: Ada Swanson, via WaPo.)

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A Thought Experiment on “Constitutional Arbitration” vs. Judicial Review

When the Congress enacted the bipartisan Defense of Marriage Act (DOMA) in 1996 or the historic Bipartisan Campaign Reform Act (popularly known as the “McCain-Feingold bill”) in 2002, the members of Congress who voted in favor of these bills presumably … Continue reading →

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Our American Ancestors

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Solve for equilibrium

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Is Facebook a Monopoly?

“But with that incredible growth came new problems.” –Ben Mezrich, The Accidental Billionaires, Ch. 22. Does Facebook face any real competition these days? ConnectU is dead. LinkedIn and Twitter are not even close (see this chart via AdWeek). Here are … Continue reading →

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“In defense of ‘micro wealth-transfers'”?

That is our revised title of Richard Cohen’s recent essay in the Washington Post. Here is the gist of Mr Cohen’s argument in defense of tipping: The waiter is my guy for the duration of the meal. He’s my agent. … Continue reading →

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Final Project (Fall Semester 2015)

Here is our final project for our students this semester.

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Noise Complaint Map (NYC Edition)

Check out the level of noise complaints for the Upper East Side. Either that part of town has a lot of noise or a lot of noise complainers. Hat tip: Ana Swanson (via Trulia).

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Civil Liability for Research Fraud?

We explore this novel legal question in our most recent work-in-progress titled “The Law & Economics of Research Fraud,” which is available on the Social Science Research Network (SSRN) here. Our paper sets the stage by reviewing three recent examples … Continue reading →

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