What do landlords, foreign holiday resorts, Uber, and bottled water retailers in Houston have in common? In recent years, all … Continue reading “Why retailers should increase water prices after hurricanes”

If you were to ask an economist why financial institutions or food retailers exist, I wonder if the answer would … Continue reading “Economists need to look beyond their fancy models, and study transaction costs”

Several anticapitalist slogans riff on the contrast between people and profit, and nobody thinks John Lennon’s song “Power to the … Continue reading “Only capitalism delivers true ‘People Power’. Everything else is just state power”

At Europe Economics, we recently completed a major report on the Sharing Economy. Looking at the growing research literature, it … Continue reading “Three things everyone knows about the Sharing Economy that are probably wrong”