Category Archives: business economics

Imperfect business management

Alex Tabarrok writes, management matters and it matters in systematic and fairly easy to replicate ways. If mis-measurement explained productivity differences, Lemonis would not be able to successfully turn firms around. But he can and does. How? Mainstream economics starts … Continue reading

Posted in business economics | 7 Comments

Evan Williams on media business models

He writes, The reason quality — of content and experience — has gone down in publishing, not up, despite the power of competition and technology, is because publishers are competing for advertiser dollars, not audience dollars. Business model is gravity. Once publishers are competing … Continue reading

Posted in business economics, links to my essays | 6 Comments

Mental Transaction Costs

I have a new essay on mental transaction costs. Perhaps consumers are ignorant about health care prices for a reason. When it comes to relieving pain and suffering, we do not want to take on the task of deciding between … Continue reading

Posted in business economics | Tagged , , , | 9 Comments

Try competing with Facebook

Tyler Cowen writes, I would instead start with the sentence “Most Americans don’t value their privacy or the security of their personal data very much,” and then discuss all the ways that limits regulation, or lowers the value of regulation, … Continue reading

Posted in business economics, Libertarian Thought, Tyler Cowen is my Favorite Blogger | 15 Comments

The game of business strategy

Greg Lewis says, Sellers on eBay don’t quite know what gets them to the top of the search results in response to a query, but as they discovered when they made free shipping something that pushed you way up the … Continue reading

Posted in business economics, Tyler Cowen is my Favorite Blogger | 6 Comments

Ben Thompson and James Allred on Facebook

It’s a podcast, and if you haven’t come across it yet, I strongly recommend it. One central point is that Facebook is an advertising company, which means that freely sharing their data with app developers was a strategic mistake (never … Continue reading

Posted in business economics | 5 Comments

Why consolidation?

In my latest essay, More or Less Competitive?, I discuss the very important question of what accounts for the apparent consolidation within industries, with a few winners taking large market shares. I think that the role that software plays in … Continue reading

Posted in business economics, links to my essays | 13 Comments

Barriers to competition

Commenter Handle writes, That is, there is a kind of natural selection at work, and corporations – especially those in expensive developed countries – without some special insulation from upstart competition, or benefiting from barriers to entry, will not be … Continue reading

Posted in business economics | 4 Comments

Carl Shapiro on anti-trust for tech

The abstract says, This article discusses how to move antitrust enforcement forward in a constructive manner during a time of widespread and growing concern over the political and economic power of large corporations in the United States. Three themes are … Continue reading

Posted in business economics, Timothy Taylor is my Favorite Blogger | 7 Comments

Aggregation, not paywall AI, is the answer

Shan Wang writes, The [Wall Street] Journal has found that these non-subscribed visitors fall into groups that can be roughly defined as hot, warm, or cold, according to Wells. Those with high scores above a certain threshold — indicating a … Continue reading

Posted in business economics, Information Goods, Tyler Cowen is my Favorite Blogger | 10 Comments