This week’s IGM Economic Experts Panel statement:
The current trade barriers in the U.S. sugar industry raise the profits of sugar producers and make the typical U.S. consumer pay more for sugar and goods that use sugar as an input.
Keyword: consumer welfare
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This week’s IGM Economic Experts Panel statement:
Consumers would not necessarily be better off if cable and satellite TV firms were required to offer a la carte pricing for individual channels, because the networks' programming charges and the satellite-and-cable fees could adjust in response to this rule.
This week's IGM Economic Experts Panel statements:
A) Trade with China makes most Americans better off because, among other advantages, they can buy goods that are made or assembled more cheaply in China.
B) Some Americans who work in the production of competing goods, such as clothing and furniture, are made worse off by trade with China.
This week’s IGM Economic Experts Panel poll statement:
Connecticut should pass its Senate Bill 60, which states that during a “severe weather event emergency, no person within the chain of distribution of consumer goods and services shall sell or offer to sell consumer goods or services for a price that is unconscionably excessive.”
This week’s IGM Economic Experts Panel poll statement:
In general, using more congestion charges in crowded transportation networks — such as higher tolls during peak travel times in cities, and peak fees for airplane takeoff and landing slots — and using the proceeds to lower other taxes would make citizens on average better off.
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