Andrés de Loera

122 posts

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Andrés de Loera

Andrés de Loera

@Andres_DLB

PhD student at @HarvardEcon working on ocean resource economics 🐟

Katılım Haziran 2016
1.3K Takip Edilen577 Takipçiler
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Steven Godofsky
Steven Godofsky@sgodofsk·
Broke: the Lorax is good because he protects the environment Woke: the Lorax is bad because he's a degrowther Bespoke: The overexploitation of truffula trees is due to inadequate property rights; therefore The Lorax is a cautionary tale about tragedy of the commons
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Andrés de Loera
Andrés de Loera@Andres_DLB·
The 200 nautical mile limit is arbitrary, and creates some rent dissipation for the most valuable EEZs. However, to enforce a larger EEZ would require willingness to be as confrontational as Iceland was, and that’s a much taller order in this setting.
Jon Steinsson@JonSteinsson

Looks like the Peruvians need to extend their EEZ. Iceland pioneered this about 75 years ago. Iceland only needed 200 miles. So, we stopped there and that is now the Int law. But some areas need more to protect coastal fishing stocks. They should extend further!

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Andrés de Loera
Andrés de Loera@Andres_DLB·
There’s more than one kind of “non-rival” and “non-excludable”--we should really teach goods as Rival/Neutral/Complementary and Excludable/Voluntary/Involuntary! Read the short description in my latest Substack post: open.substack.com/pub/andresdelo…
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The Economist
The Economist@TheEconomist·
“Surrender”, spluttered one Conservative MP. “Utter betrayal”, said the Scottish White Fish Association. But Britain’s fishing industry is so tiny no responsible government would privilege its interests over the goal of freer trade overall econ.st/3ZlS3dd
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Andrés de Loera
Andrés de Loera@Andres_DLB·
As the home of many big pharma companies, the US likely internalizes the benefits of basic health research more than other countries. Can we expect any other countries to increase basic science funding to poach some talent or will the free rider problem dominate?
NIH@NIH

Last year, $9B of the $35B that the National Institutes of Health (NIH) granted for research was used for administrative overhead, what is known as “indirect costs.” Today, NIH lowered the maximum indirect cost rate research institutions can charge the government to 15%, above what many major foundations allow and much lower than the 60%+ that some institutions charge the government today. This change will save more than $4B a year effective immediately.

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Andrés de Loera
Andrés de Loera@Andres_DLB·
But if my friend has the right to smoke, I cannot buy "abatement" from him since he can't credibly report how much he would have smoked counterfactually. I believe economists should pay more attention to "knowledge of counterfactuals" as a critical condition to Coasean bargains.
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Andrés de Loera
Andrés de Loera@Andres_DLB·
Since the efficient solution is probably some positive amount of smoking, we can't just trade the right to smoke at all. Then if I have the right (or set a tax), I will charge "too much" to smoke because of inframarginal units.
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Andrés de Loera
Andrés de Loera@Andres_DLB·
My friend and I actively want to Coasean bargain over his smoking. Unfortunately, I believe this is impossible, and a problem that is more general in environmental economics! A short thread on my first Substack post.
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Alice Evans
Alice Evans@_alice_evans·
Labour market economists have been obsessed with the question of whether technology will replace market demand for human labour. But my question is different: What if tech replaces NON-MARKET DEMAND. And that’s precisely what we see: surging solitude.
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