Clark Center Forum

 

 

This week's IGM Economic Experts Panel statement:

Ideas are nonrival, so increasing returns to scale is an essential feature of technological change in a market economy. 

This week's IGM European Experts Panel Statement:

Voters overestimate the effect that current governments have on their economies’ concurrent economic performance. 

This week's IGM Economic Experts Panel Statement:

If a small number of firms have a large combined market share in a properly defined market, it is strong evidence that those firms have substantial market power. 

This week's IGM Economic Experts Panel Statements:

A. Capping the number of ride-sharing drivers as is being discussed in New York City, Chicago and London will make the average resident in that city worse off.

B. To achieve a given level of congestion, it would be better to use taxes for driving that vary based on the level of congestion, rather than limiting the number of ride-sharing vehicles. 

This week’s IGM European Economic Experts Panel statement:

Over the next decade, autonomous cars will raise average welfare in the EU by at least as much as smartphones have over the past decade. 

This week’s IGM Economic Experts Panel statement:

Because global supply chains are more important now, import tariffs are likely substantially more costly than they would have been 25 years ago. 

This week's IGM European Economic Experts Panel Statement:

Britain’s Labour party recently proposed giving the Bank of England a target of 3% annual labor productivity growth. Consider the following statement:

Central banks cannot significantly increase productivity growth over a ten year horizon, except perhaps by promoting macroeconomic stability. 

This week's IGM Economic Experts Panel statement:

Britain’s Labour party recently proposed giving the Bank of England a target of 3% annual labor productivity growth. Consider the following statement:
Central banks cannot significantly increase productivity growth over a ten year horizon, except perhaps by promoting macroeconomic stability.