cjy

8 ms·

31.
by cjy 13y ago
You are right. Whether buyers, sellers, or eBay pay the tax is a function of the price sensitivity (elasticity) of the varying group. See: http://en.wikipedia.org/wiki/Tax_incidence This is a little different from the standard model bec
32.
by cjy 14y ago
Are you operating yet? (hard to tell from your facebook page) I'm in Cincinnati and would give you a try.
33.
by cjy 14y ago
Hiring decisions are made at the margin though. Even strong companies stop hiring when the additional cost of an additional worker is less than the additional value to the business.
34.
by cjy 14y ago
That article is not talking about the multiplier effect. It is talking about consumers consumption smoothing...buying automobiles after the minimum wage goes up because there has been a permanent increase in their income. From the article
35.
by cjy 14y ago
The main argument against the minimum wage is that it may increase unemployment for unskilled workers. However, recent empirical work suggests that the minimum wage is currently low enough in the U.S. that raising it has quite a small effe
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by cjy 14y ago
You have sentimental feelings towards bikes shops and feel good about paying full price. I can understand that. But, I don't see why you should criticize leak for not having the same feelings. Lots of people work hard and make less than y
37.
by cjy 14y ago
Economics is scientific in nature. It is just hard to model and predict the behavior of humans. That doesn't mean that economics can't tell us anything conclusive. Even though capital expenditures are tax deductible, the returns from capit
38.
by cjy 14y ago
There is little empirical support that predatory pricing happens. The criticism section of the Wikipedia article makes some strong arguments in this vein. The support section contains 3 "citation needed"'s.
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by cjy 14y ago
It should be noted that [some] hotel doors with electronic key cards also have physical key holes (as a backup) that are hidden, but are still susceptible to being picked. This just supports your point that hotel doors are not 100% secure f
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by cjy 14y ago
Also, it might explain why youth unemployment is so high in Europe.
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by cjy 14y ago
Really, you think this would have cost $33M if a Fortune 500 firm was paying? Enterprises overpay a little because managers are spending shareholders money. Governments overpay a lot because bureaucrats are spending tax payers money. The
42.
by cjy 14y ago
So only people who have been wildly successful have the right to share their thoughts? This guy failed and writes a blog post about what he may have done wrong and includes the advice he got from his mentor. Agree, disagree or ignore, but
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by cjy 14y ago
By looking at Google Adwords. In senior care, there are a bunch of referral companies that get big commissions when they place a senior in a private facility. They bid up the price of advertising.
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by cjy 14y ago
The article isn't saying you shouldn't be passionate about your work, rather that you shouldn't restrict yourself to selling in markets where you have a personal interest. I have mixed feelings about this. I started a website about senior
45.
by cjy 14y ago
I was just responding to his "it's a public good so it should be provided by the government". In economics, public goods are automatic things that should be done by the government because the market would fail miserably. I wasn't using jar
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by cjy 14y ago
Health care is not a public good (in the economic sense of the word). To be a public good it has to be non-rival and non-excludable. It is definitely rival (the surgeon can't operate on two people at once). And, it is only non-excudable t
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by cjy 14y ago
I used to feel that way. But, after some contemplation, I realized how conceited that is. People are so multidimensional and have such varying experiences that it is arrogant to think that there is nothing interesting about someone you ha
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by cjy 14y ago
The socks look like they are very nice quality, but given the bright designs, you had expect some comments. The negative comments are probably a plus on net as they drive more people to look at the ad. How did the advertising work out for
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by cjy 14y ago
"Each win reassures me that as long as I refuse to give up, I can never lose." I can totally identify with this. Nothing is sweeter than the taste of victory after slaving away on a problem for hours. In fact, minutes ago, I just had one!
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by cjy 14y ago
You shouldn't compare the benefits of getting exercise from rock climbing to the chances of dying from it. The choice isn't rock climb or be totally sedentary. You can get exercise in ways where you can't fall and die. What you should co
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by cjy 14y ago
My favorite part is the kid using what he learns: For school, the kid goes on the streets of Toronto to raise money for cancer research. He notes that a homeless man has likely already found the most attractive location to raise money (nea
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by cjy 14y ago
What keeps the magnets from falling out? Are they connected to bone?
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by cjy 14y ago
I agree this is the problem. In economics it is called "adverse selection" and is particularly problematic for insurance.
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by cjy 14y ago
Yeah, I did that in the 90's too. Got kicked out of a Rite-Aid for being a little too obvious about it.
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by cjy 15y ago
Pretty cool. Example: "2 inground pools, one for people and one for dogs" -$15 night
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by cjy 15y ago
Credit cards are the #2 source of funding for young companies. I think the availability of this form of credit (compared to other parts of the world) is part of what makes the United States so entrepreneurial.
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How Entrepreneurs are Funded: A Sketchbook (youtube.com)
1 points by cjy 15y ago|1 comments
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by cjy 15y ago
Discussion on the original claim: http://news.ycombinator.com/item?id=3732385
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by cjy 15y ago
Catch: You have to buy their $50 USB modem and the free service is limited to 1 year. Still, a nice way to check/send email in a pinch for those without smart phones.
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NetZero Launches Free 4G Service (200 MB)(netzero.net)
2 points by cjy 15y ago|1 comments

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