The Effect of Climate Change Mitigating Policy on Electricity Prices Public Choice | Econometrics Climate Change has been a hot topic in recent years. Debate on what government policy should be implemented, if any, is heated and usually ends with no compromise. My team and I decided to search for the answer to one of […]
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Pro-Environment & Anti-Capitalism Public Choice Most people want a cleaner environment. Very few people want more pollution or a worse environment. This is based on the assumption that people would prefer cleaner water and air over polluted water and air, ceteris paribus. Meaning if everything else would stay exactly the same people would want less
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We are Officially in a Recession… Sort of Financial Freedom | Public Choice On July 28th at 8:30 am the Bureau of Economic Analysis (BEA) announced our official Q2 GDP Advanced Estimate at -0.9%. This is the second quarter in a row that we have a negative GDP (Q1 GDP was -1.6%). This means we
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What is the True Cost of Incentives? Behavioral Economics | Public Choice Economics is based entirely on incentives. They drive all actions and motivation. There are two types of incentives, Positive and Negative. Each comes with its own cost. Positive Incentives Positive incentives are structures that are set up to encourage beneficial activities and behaviors.
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What’s up with the EPA’s Poor Agenda? Public Choice | Behavioral Economics The Ruling West Virginia won a battle against the Environmental Protection Agency (EPA), over the EPA’s ability to regulate carbon emissions. The 6-3 supreme court decision on West Virginia v. EPA ruled that the agency overstepped its authority with rules to cut powerplants’
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All Good Things Take Time Public Choice | Behavioral Economics | Game Theory Do it Yourself There is an old saying “if you want something done right, do it yourself”. I believe this statement holds true. Doing something yourself is the one sure way you know it has been done correctly. Similarly, the only sure
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The Creation of a Monopoly on Violence Public Choice | Game Theory The Monopoly There is a push towards a monopoly on violence. This monopoly is dangerous and can lead to violence against others without resistance. A movement grows as we speak to tighten the restrictions on guns and diminish the Second Amendment. This movement
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The Big Healthcare Staff Shortage Public Choice | Behavioral Economics Since the pandemic healthcare workers have been reported to be overworked, and have symptoms of exhaustion, depression, and sleep disorders. This can be attributed to the shortage of healthcare workers, which started before the pandemic. According to providertech since February of 2020 Healthcare employment is
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Overturning Roe v Wade is Beneficial for Abortion Rights Public Choice Recently there was a leak that the overturning of Roe v Wade had been discussed in the Supreme Court. This of course has created widespread debates on the controversial topic of abortion. This article is not about whether your opinion and stance on the
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How to Prevent Crime Public Choice | Game Theory Crimes are acts or omissions of acts punishable by law. The law determines what acts can be punished, and to what degree they can be punished. The law criminalizes acts to allow for a more prosperous life for the citizens under that law. Therefore it is
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