
The microeconomic perspective on daily events.
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Another summer, another heat wave, and another round of warnings that the electric grid is under stress. Across Europe, utilities are struggling to keep power flowing as temperatures climb. Across much of the United States, air conditioners...
There are many top European born economists who happily run their air conditioners in their U.S offices. Why don’t their parents and siblings living in Europe purchase one for themselves? Why is the air conditioner so unloved in Europe?
Eu...
I am starting to circulate a new academic paper. California produces some funky data. At this website, you can download the Universe of registered vehicles in the residential zip code by make and model year from 2018 to 2025.
I have taken...
Grok helped me to make the table below. In 2015, California’s average residential electricity price was 47% higher than Texas. By 2025, this differential had grown to 110%.
In modern Industrial Organization economics, scholars interpret hi...
In his 2002 movie Minority Report, Tom Cruise catches people who will commit a crime before they commit the crime.
Here is Grok’s short summary of the movie;
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The writers behind this newsletter.
Provost Professor of Economics at the University of Southern California. Visiting Fellow at the Hoover Institution.
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