I just realized that my twitter handle is @rational_trabes...which is hilarious now that I'm an econ grad student.
where the "rational" came from has absolutely no connection to economics
@BrianCAlbrecht Tbf it was a (somewhat) flippant comment on a superstar innovator in the context of tax policy where she started with a discussion on estate taxes… I hardly think the backlash of people attacking her crediblity on partial equilibrium marginal effects is warranted…
Crazy that Ovechkin’s 895 was him shooting the puck on his strong side at the top of the circles with so much power, ripping it by a shell shocked goalie, and then not knowing what to do because he was so excited and diving head first.
Peak Ovi.
@harry_toulouse@davidalmog25 @afespitia The most plausible explanation for me is that they are treating the markets/products as separate which is why there can be implied negative prices - driver/rider queues for English and/or Spanish (X and/or black) disconnecting the pricing and not jointly optimizing
Actually, likely a dumb idea when applied to what he’s saying to do.
THAT BEING SAID - we should use randomness more in policy just for fairness/representative sample reasons
On Day 1, *instantly* fire 50% of federal bureaucrats.
Here’s how: if your SSN ends in an odd number, you’re fired.
That downsizes government by half. Absolutely *nothing* will break as a result.
It doesn’t violate civil service rules because mass layoffs are exempt.
SHUT IT DOWN.
My experience with Uber lately *seems* exactly consistent with two-sided platform theory in economics - my perception is that prices have decreased for the riders. This appears to have an effect on participation of drivers - it seems that there are less drivers (1/n)
Anyways - could be an example of competition in ride sharing doing weird (non-econ 101 things) to pricing and also affecting participation of drivers. Musing/conjecture done (5/n)
All conjecture but all I hear are stories about “Uber taking larger of a cut of rides from drivers.” But that’s not necessarily the case because drivers only see one of the two prices. Is it still simply a % of total ride fare? Or is it two separate quoted prices? (4/n)
@ben_golub I would like someone to tell the owners of pre-Uber taxi medallions in Chicago that Uber didn’t disrupt driver/taxi market…
https://t.co/nkaooBVxv9