Economics @ ITT

Too Big to Fail

Posted in economics, Moral Hazard, Policy Issues by ittecon on August 28, 2009

Rapid bank growth alarms regulators – Washington Post- msnbc.com.

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FCC to Probe Cell Phone Industry

Posted in antitrust, economics, microeconomics, oligopoly, Policy Issues by ittecon on August 28, 2009

An article about market consolidation: http://www.democracynow.org/2009/8/28/headlines#9

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“Cap and Trade” Founder Doubts Use in Reversing Climate Change

Posted in Uncategorized by ittecon on August 13, 2009

n economist who devised the “cap and trade” system for regulating pollution is now voicing doubts about its ability to seriously address global warming. The climate bill passed by the House in June includes a cap-and-trade provision allowing firms to trade emissions permits. The system has been criticized for creating new incentives to pollute through a market for carbon “offsets” that don’t necessarily make up for the damage of the initial emissions. In an interview with the Wall Street Journal, the economist who came up with cap-and-trade in the 1960s, Thomas Crocker, said, “I’m skeptical that cap-and-trade is the most effective way to go about regulating carbon.” Crocker said he favors imposing a firm tax on emissions that would be easier to enforce.

Source: http://www.democracynow.org/2009/8/13/headlines#8

In the News: Vertical

Posted in economics, microeconomics by ittecon on August 5, 2009

PepsiCo to buy bottlers: A vertical merger