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grace turner

Commentary: Minimum Wage Boost Aids Consumers and Retailers - The Jakarta Globe - 0 views

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    I would like to use this one :)
Hiroki Takahashi

Telenor Norway introduces maximum prices for mobile surfing abroad - 2 views

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    Telenor Norway introduces maximum prices for mobile surfing abroad
Riki Shirayama

Air New Zealand settles on collusion claim - 0 views

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    Collusions/game theory 
Ryotaro Roy Saito

Youth Call On Govt to End Fossil Fuel Subsidies - 1 views

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    roy's article
senkoffa

Northern Ireland's new five-pence carrier bag tax (BBC News UK) - 3 views

  • Retailers must now charge shoppers at least five pence for each new single-use carrier bag.
  • The department hopes to see an 80% reduction in the use of carrier bags as a result of the levy.
    • senkoffa
       
      The goal is to reduce the consumption in plastic bag usage in supermarkets and stores
  • "If we have a wonderful, clean and green country in the north of Ireland, let's protect it," he added. "I think most people will see the benefit of this and most people will embrace this new proposal."
    • senkoffa
       
      Negative Externalities; Plastic bag will lead to pollution and possible damage to wildlife
  • ...3 more annotations...
  • realised that plastic bags and single use bags were a "threat to our environment".
  • "Although there's been a lot of communication about this there seem to be a few consumers out there not quite ready for it yet.
  • "What we're really talking about here is a culture change and for that to happen it's going to take quite a while to embed, all we're asking for is a bit of patience."
samuel_chan

Russian Smoking Ban Takes Effect Amid Dispute Over Higher Taxes - Bloomberg - 1 views

  • The Health Ministry proposed raising the tax
    • samuel_chan
       
      Further shift of the supply curve to the left
  • minimum prices for cigarettes
    • samuel_chan
       
      Increase in price causing excess supply and a shift to the left for the supply curve
  • Russian Smoking Ban Takes Effect Amid Dispute Over Higher Taxes
    • samuel_chan
       
      Increase on sales tax for cigarettes and new minimum price
  • ...2 more annotations...
  • doubts as to the effectiveness of some of the measures.”
    • samuel_chan
       
      As smocking is addictive it is a Inelastic good so there may be very little change
  • higher tobacco taxes
senkoffa

Smokers feel the pinch as France raises taxes (France 24 France) - 0 views

  • French smokers began paying 6.5% to 10% more for tobacco, as an unpopular price rise went into effect
  • It is not clear whether this price hike will finally push French smokers to quit, as France’s 2008 full smoking ban failed to reduce the number of smokers. The number of 18 to 75-years-olds smokers actually increased by 2 points between 2005 and 2012 to near 30% of the population.
  • French anti-tobacco groups said 40 cents per pack was a modest price hike that would not encourage smokers to stub it out in significant numbers.
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  • “A slow and incremental increase, like we’ve seen in the previous five years, has very little effect on consumption,”
  • The last significant drop in the number of daily smokers in France - 27% fewer from 2002 to 2004 – was prompted by a significant price rise in 2003.
Kenji Tanoto

Indonesia Struggles to End Fuel Subsidies - NYTimes.com - 2 views

  • aggressive subsidies,
  • skyrocket
  • burning a hole in the budget
  • ...16 more annotations...
  • $23 billion in 2013
  • $20 billion last year
  • $32 billion
  • 20 percent of the 2013 budget
  • fuel subsidies annually than it does on social programs and capital expenditures combined
  • revive a cash compensation program for poor families to cushion the blow
  • all other prices go up
  • two-tier gasoline pricing
  • public transportation vehicles would continue to pay 4,500 rupiah per liter
  • private vehicle and commercial vehicles like delivery trucks and company cars would pay 6,000 rupiah, a 33 percent increase.
  • 6,500 rupiah per liter.
  • the country had the lowest fuel prices of any net oil-consuming nation in the world
  • Savings from eliminating or reducing a fuel subsidy could go to crucial public social programs including health care, as well as much-needed infrastructure investment, according to analysts
  • Ms. Natalia
  • About 29 million Indonesians live below the country’s national poverty line — 250,000 rupiah per person per month or 1,250,000 rupiah per family per month, and in urban areas, 350,000 rupiah per person per month or 1,500,000 rupiah per family per month. A further 70 million, categorized as near poor, live just above that line. Didik Rachbini, a prominent economist and member of Mr. Yudhoyono’s National Economic Council, which comprises economists and leading businessmen and advises the president on economic policy, said the government had a longstanding fear that increasing the price of fuel would push tens of millions of near-poor Indonesians below the poverty line.
  • country’s rich benefit from them far more than its poor do
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    Indonesia Fuel Prices
Keisuke Ozeki

New drug price order may bring in monopoly - The New Indian Express - 2 views

    • Keisuke Ozeki
       
      Positive Externality, Merit Good
  • the new price regime would bring in monopoly in the sector.
    • Keisuke Ozeki
       
      Would it bring in a monopoly? - Evaluation
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  • While the earlier drug price control order covered only 74 bulk drugs and formulations
    • Keisuke Ozeki
       
      Note that maximum price level existed previously, but at a lower level.
  • As per the new price control order, the ceiling price of an essential drug will be the simple average of all brands with a market share of at least one per cent.
    • Keisuke Ozeki
       
      Decrease in demand temporarily as there is an expectation of decrease in price.
  • But, large companies will get a monopoly in pricing as they can manipulate price structure together.
    • Keisuke Ozeki
       
      Creating cartels to increase the price together - Oligopoly, few large firms dominating the market.
  • The experts in the industry point out that the small players in the field will eventually be wiped out when the new price control regime will come into effect.
    • Keisuke Ozeki
       
      Evaluation - Assumption made that the large firms are going to form cartels. If they don't, this will not occur. For the government to prevent this, they can create anti-cartel regulations
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