USC didn't win the Rose Bowl this year. USC has been in the news recently. Despite these setbacks, USC Economics is building up a real strong department. To give our PHD program a boost (or at least a laugh), I am teaching 6 micro theory lectures this fall.
This is not romantic but it captures some economic logic.
Question: Risk Smoothing Through the Family vs. The Market
You consume only pizza and you live for at most T years.
If your consumption of pizza each year ever falls below 4, then you die because of starvation.
Question: Risk Smoothing Through the Family vs. The Market
You consume only pizza and you live for at most T years.
If your consumption of pizza each year ever falls below 4, then you die because of starvation.
The NY Times has published a piece about a new NBER Working Paper that finds that the average judge appointed by a Republican issues more stringent sentences against African-Americans than the average judge appointed by a Democrat.
San Francisco, New York, Boston, Los Angeles, Seattle, and Portland are booming. Such areas offer great opportunities for our best young minds.
Brad Plumer reports that Alaska's political leaders are crafting plans to reduce the state's GHG emissions. The piece does not explain "why" these leaders are taking this action. The piece names a few coastal parts of the state that are at risk of sea level rise and this could certainly occur.
A new law in California will require that every new home built starting in 2020 must have solar panels. I have studied the housing price premium commanded by solar homes in this and this paper.
Back in 2012, I had the opportunity to speak to Gary Becker. I asked him about the real effects of higher taxes on human capital acquisition in the modern Internet economy.
