With an increasing number of states legalizing marijuana, demand is shifting because of changes in utility, complementary products and the number of buyers.
Regulatory Policy
You’ll Need a License for That
With the Supreme Court deciding if North Carolina’s dentists can exclusively whiten teeth, the pros and cons of occupational licenses are being debated.
Marijuana Money Problems
Colorado’s marijuana growers and dealers are wasting resources because banks and insurance companies will not act as their financial intermediaries.
A Solution for Too Few Doctors: More Patience
Decreases in supply, increases in demand and legislative price ceilings are resulting in “network adequacy” problems for U.S. healthcare systems.
The Nudge Toward a Goldilocks Savings Rate
We need to raise the low U.S. savings rate with new incentives like a lottery on savings deposits because households and business investment need savings.
Bedtime Stories… About the Economy.
From statistics and a satellite image of the world at night, we can see that developing countries lack the electrification they need for economic growth.
Solving the Airplane Seat Problem
According to Ronald Coase, if reclining in an airline seat creates a negative externality, both parties can negotiate because the transaction costs are low.
The Costs of Being Prepared for a Natural Disaster
Whereas natural disaster preparation can save lives, it might have too high an opportunity cost to make sense or be a ShakeAlert that has been proven.
Chart of the Week: The Rare Disease Spending Dilemma
Our Sunday Chart of the Week Since our chart looks at Medicaid spending on rare diseases, we better start with Medicaid. It is complicated. Yes, Medicaid targets the poor and has federal and state funding. However, varying from state to…
John Stuart Mill on Affordable Health Care
A child prodigy, 19th century economist John Stuart Mill said in his Autobiography that, “I have no remembrance of the time when I began Greek; I have been told that it was when I was three years old. My earliest…