Special Report on

Public Competition or Price Controls?

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EconoSpeak: Is The Fed Tightening Or Not?

The announcement that the Fed is raising the discount rate from 1/2% to 3/4% triggered a reaction in the financial markets with bond traders apparently expecting further tightening in the form of rising interest rates. Various people ranging from Mark Thoma to Jim Hamilton declaring that this is not a tightening but an adjustment to other changes such as their raising the amount they plan to pay on reserves banks park at the Fed, which is arguably a sort of tightening. I agree that the discount rate is not a tightening and is not in itself a sign of likely more tightening per se. However, it is a fact that the Fed is in a ...

Public Competition or Price Controls? - Trends

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Why Pharmaceutical Price Controls Are Bad for Patients - Welcome ...

Fixing drug prices at lower levels would inevitably curtail development and distribution of new products that improve and extend life. Drug prices are a tempting target for regulators, who notice a vast discrepancy between prices and manufacturing costs. But prices reflect other costs as well, in particular, the costs of research and advertising. Fixing prices at lower levels would inevitably curtail development and distribution of new products that improve and extend life. Almost all economists hate almost all price controls. But someone is always proposing new controls because he thinks he can get something for nothing or ...

Wikipedia

1973 oil crisis

With the US actions seen as initiating the oil embargo and the long term possibility of high oil prices, disrupted supply and recession, a strong rift was created within NATO . Additionally, some European nations and Japan sought to disassociate themselves from the US Middle East policy. Arab oil producers had also linked the end of the embargo with successful US efforts to create peace in the Middle East, which complicated the situation. To address these developments, the Nixon Administration began parallel negotiations with both Arab oil producers to end the embargo, and with Egypt, Syria, and Israel to arrange an Israeli pull ...

FEATURED BLOG

LONDON, June 30 (Reuters) – “People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices”, wrote Adam Smith in his famous “Inquiry into the Nature and Causes of the Wealth of Nations” in 1776. Perhaps Smith should be resurrected as an adviser to the European Commission, which has just imposed fines totalling 518 million euros on 17 producers of prestressed steel used in the construction industry, who operated a price-fixing cartel for 18 ... Read More

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REVIEWS AND OPINIONS

王不留行: KENYA: Short-term gains of price controls outweighed in ...

NAIROBI, 30 June 2010 (IRIN) - If a new bill seeking price controls on maize, wheat and other essential commodities is implemented, it may benefit the poor who have been priced out of food in the short term but is unsustainable in the long term, warn analysts. Kenya's parliament recently passed the Price Controls (Essential Goods) Bill, which is awaiting presidential approval. "The goal of having low stable prices is noble; it benefits the poor and supports growth. However, I do not think that price controls are the best policy option," Dickson Khainga, head of the macroeconomics division at the Kenya Institute for ... market research, surveys and trends

Adam Levitin on Interchange Price Controls:

. From reading the post, it is not clear if he is just defending price controls in the abstract or whether he is actually defending the particularities of the Durbin Amendment. My reading is that this piece is only the former. Obviously someone writing in that context has limited space and limited reader attention, so I wouldn’t necessarily infer anything about whether he defends the details. Given that some of the details are really quite indefensible (and in my view highly indicative of the real rent-seeking motivation behind the whole law), however, I would be interested to know at some point whether Adam’s defense ... market research, surveys and trends

SURVEY RESULTS FOR
PUBLIC COMPETITION OR PRICE CONTROLS?

EconoSpeak: Remembering the 1970s' Energy Crisis

This week I discovered an interesting International Monetary Fund webpage that provided a brief history of the oil crisis of the early 1970s. I quote from one of their pages: "The fourth Arab-Israeli conflict broke out in October 1973. Over the next three months, the price of crude oil shot up 300%! Global energy and financial crises ensued." [1] It was all very simple, according to the IMF. Anger towards the Netherlands and the Unites States because of their judged undue level of sympathy for Israel and also (as mentioned later) because the price of oil had not risen in line with other world commodities at the time. industry trends, business articles and survey research

Medical Progress Report 1 | Are Drug Price Controls Good for Your ...

Now that the Medicare Prescription Drug, Improvement and Modernization Act (MMA) of 2003 provides senior citizens with drug insurance coverage beginning in 2006, several political and special-interest groups have expressed the opinion that the Medicare program should use its immense bargaining power to negotiate prices directly with drug manufacturers. While the MMA, as enacted, forbids such direct negotiation, a modification allowing direct Medicare negotiation is now under consideration. Specifically, proponents such as the American Medical Association and the AARP want the government to reduce drug prices paid by Medicare to ... industry trends, business articles and survey research

INFORMATION RESOURCES

Professor Modigliani on price controls: the baleful influence of ...

compiled American economists' responses to 27 different public policy issues, ... agreement as to the harmfulness of price controls. In the Frey et al. ... that rarely or virtually never occurs in the real world), monopolists, or ... where government mismanagement and restrictions on competition are the ... technology research, surveys study and trend statistics

Competition and the Effects of Price Controls in Hawaii's Gasoline ...

Thank you for the opportunity to share the Federal Trade Commission staff's views on the likely effects of price controls and other policies in Hawaii's gasoline market. (1) The Federal Trade Commission is charged by statute with preventing unfair methods of competition and unfair or deceptive acts or practices in or affecting commerce. (2) Commission staff have had considerable experience assessing the competitive impact of regulations and business practices in the petroleum industry, including the petroleum industry in Hawaii. (3) On numerous occasions, the Commission staff have offered comments on proposed state ... technology research, surveys study and trend statistics

The Benefits of Imperfect Competition under Price Controls

Kev words: price controls, queuing, black market, imperfect competition, ..... In a typical price-controlled economy, public anxiety seems to be ...

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PUBLIC COMPETITION OR PRICE CONTROLS?

Public Competition or Price Controls?

Public Competition or Price Controls? - Trends

SURVEY RESULTS FOR PUBLIC COMPETITION OR PRICE CONTROLS?

INFORMATION RESOURCES

SURVEY RESULTS FOR
PUBLIC COMPETITION OR PRICE CONTROLS?