Economic News and Opinion
Articles offering thought-provoking analysis of news and current events.
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The price of watching football in the UK has been the topic of much discussion in the press recently, with many questioning why fans are being forced to spend so much money to watch their teams play. It has been clear for a long time that many supporters are being priced out of buying tickets, […]
Displays of upheaval and state breakdown in global politics are not particularly rare, but the number of missed opportunities for dealing with these issues has been shamefully high in recent months. It’s easy to say that no one is to blame; after all there was Syria to deal with. And then Ukraine, Gaza, and now […]
The Chancellor has heralded the latest GDP figures as a ‘major milestone’ in his long-term plan for the economy. Figures released by The Office for National Statistics (ONS) illustrate that the economy grew by 0.8% in the second quarter of the year – a 0.2% increase on the pre-crisis statistics recorded in the first quarter […]
Referring to my last article (Gondola Licence and transaction costs), I have discussed the relationship between licensing, information cost and price discrimination. My friend kindly pointed out that I have missed out one important constraint – Rent dissipation. In this article, I shall explain how licensing can restrict the dissipation of rent. Rent Dissipation occurs when […]
The Ebola outbreak in West Africa continues to worsen. Already prevalent in Guinea, Liberia and Sierra Leone, there are now fears that it is spreading to Africa’s largest economy – Nigeria.