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Jackson Mote

Thai household's rice consumption and its demand elasticity - 2 views

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    This article involves a the average Thai household's rice consumption and the demand elasticity as a a result of this consumption. The authors Somporn Svilanonda and Weerasak Kongrith analyze the patterns of consumption and the resulting price trends.
Sondos 2

Guest Post: To Fight Climate Change, Vote With Your Wallet - 0 views

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    WE, as consumers have a lot of power. Businesses just want to maximize profits -- and we can make it profitable for them to be more sustainable. This article discusses this statement in more detail, suggesting that amongst the methods that can be used to counter market failures of consumption and production which accelerate environmental phenomenon such as global warming, is rethinking and prioritizing the choices of consumption that we make on a daily basis. Businesses respond to consumer demand. If we demand more environmentally oriented products... wouldn't that make a difference?
Konstantin Z

Could a tax on soda and ice cream save us from ourselves? - 0 views

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    in this article is vividly showed how tax on some products increases their price and decreases their consumption because consumption of these goods causes negative externalities
Sondos 2

Public goods transport to get yellow plates - 0 views

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    In Jakarta, Indonesia, the Transportation Ministry plans to give yellow license plates to vehicles transporting public goods so they can receive subsidized fuel with hopes of making up for the positive externalities of consumption conferred by these public goods.
Sondos 2

India on the move... - 0 views

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    In India, new cars are being registered at a rate of nearly two million per year. The Indian auto industry has become the world's seventh largest, now having overtaken every European country except for Germany. This exponential rate of production comes at an opportunity cost however. A mixed externality takes place. The stimulation in the auto industry increases the demand, and therefore the possession of cars in the country, which will hence increase the amount of green house gases released by general motor transport, aggravating atmospheric pollution.
Sondos 2

GAVIN KEETON: Good times will test Gordhan's fiscal principles - 0 views

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    The thrust of fiscal policy in South Australia since 1994 towards reduced budget deficits and the elimination of government dissaving (borrowing to fund consumption, mainly salaries) was opposed from the outset from within the ruling alliance, with calls for a larger role for the state in the economy being accompanied by demands for increased government spending and larger deficits. With president Thabo Mbeki 's departure in 2008 brought about in part by the same political elements, there were reasons for believing that fiscal policy might change. But the global financial crisis and the local recession instead took precedence over policy debates within the alliance. Budget deficits rose and interest rates fell, but for cyclical reasons and not ideological pressures.
Wonwoo C

Asian Price Controls - In a Fix - 0 views

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    "Putting caps on prices is only a short-term solution" Asian countries, China, Malaysia, and the like, are reluctant to raise prices on fundamental goods such as food and petrol. This allows the people of the country to have access to cheap petrol and thus more motivation for actions which lead to economic growth using petrol. Although the price caps seem beneficial for the country, that is only true in the short run. In the long run, the price caps will increase consumption in the country, and thus increase the demand for more crude oil from abroad which will lead to a rise in global prices of crude oil. Thus, looking ahead, it is for their own sakes that Asian countries should cut down on their price controls on such goods.
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