Top Tweets for #theme3micro
Good example of another business investing in the technology needed to trial surge pricing. https://t.co/4LXlEJg6vg #theme3micro
Rising costs and falling demand - great chance to use a cost and revenue diagram to illustrate how narrow profits can turn into losses at least in the short term. #theme3micro
Barbie and Oppenheimer are proving to be a major shot in the arm for the UK cinema industry. #barbie #cinemas #business #revenue #theme3micro
Thus far, 2022 has been a good year for occupancy rates in UK hotels. Our chart shows monthly rates which peaked at 83% in July. Naturally, there are fears of the impact of a recession on demand for hotel rooms from business and leisure customers alike. #theme3micro
Gold dust for #theme3micro as Musk completes the acquisition of Twitter. These are early days, but the CEO and CFO have been fired as Musk starts to impose himself. He seems likely to assume the role of CEO for the time being.
Brilliant assessment of market & regulatory / government failures in the energy sector. The rotten UK energy market is expensive and difficult to fix https://t.co/PfrjpUNgtg 3% hit to disposable incomes from energy price hikes equivalent to the effects of a recession #theme3micro
Really good contextual example for #theme3micro and #theme1micro Price Discrimination: FCA acts to end price gouging of loyal customers https://t.co/gb4JKLETOA via @tutor2u
Barriers to entry? Barriers to contestability? The rest of this thread gets darker! #theme3micro
Want to open a coffee shop in San Francisco? That's only legal in the green areas. And even then, you'll need to go through a year-long permitting process and spend over $100,000.
I'll include a look at AstraZeneca's pricing decisions - gradually moving away from the not-for-profit deals signed in the early stages of the pandemic. #theme3micro https://t.co/3Oh3Osr6it
Doing a little prep on alternatives to profit max for a revision session - for context, looking at profit data for a selection of businesses & industries. Impact of pandemic on global airlines clear to see. #theme3micro
First in a new FT series Where did all the workers go? https://t.co/WVIu3j1Hz1 potentially huge implications for the labour market and wages / inflationary pressures. Good read for #theme3micro and #theme4macro #ukeconomy
Neat bit of retail game theory #theme3micro
Lunchtime meal deals in the UK still universally £3 despite the soaring cost of absolutely everything. Every supermarket in the country waiting for one of them to blink and bump it to £4. The real cold war, this.
Four more UK energy suppliers collapse https://t.co/8PfapgrzAp some of these firms had just a few thousand customers - they had little or no hope of surviving in such turbulent market conditions #theme3micro
Potentially an increase in market contestability. Read more to apply concepts such as barriers to entry. Spanish train operator looks to provide Channel Tunnel service https://t.co/ymVuSnwKRe #theme3micro
Reminder of a new revision video #theme3micro
NEW VIDEO: Zombie Firms https://t.co/DB9ID6Zt5C via @tutor2u
Superb #theme3micro applied example - Heathrow gets regulatory approval to raise their landing charges from £22 per passenger. Monopoly power in action? Heathrow's fixed costs. Airlines passing on to consumers and much more besides https://t.co/4rSkjmhFLJ
Dynamic efficiency and economies of scale. The shift towards vertical farming continues. ‘It’s not as carbon-hungry’: UK’s largest sunlit vertical farm begins harvest https://t.co/yfK9kOzWw1 #theme3micro #theme1micro
Creative destruction, default bias, information economics, dark markets - lots of applied micro here for #theme3micro
The start-ups trying to kill the password https://t.co/P5JdlRUUsh
Perfect application of contestable markets! #theme3micro
I saw people wondering why @marksandspencer are going after Cuthbert & not the other cakes, so I made a caterpillar collage to spot the differences.
I'm live on You Tube at 1030 today with the team running an interactive session on concentrated markets - please do join us! https://t.co/5Majs9x0y3 #theme3micro
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