2. India to send the world’s last telegram on July 14th.
From Tyler Cowan. A nice example of creative destruction
3. A great music post following our discussion in class this weekend on the future of the industry
'David Bowie once predicted that “music itself is going to become like running water or electricity,” and, that as a result, artists should “be prepared for doing a lot of touring because that’s really the only unique situation that’s going to be left.'
read more from the wonderful Tim Taylor here.
4. and from Shane Greenstein following our class discussion of two-sided markets on competition between platforms.
5. Fiscal transfers in a monetary union again, Florida versus Spain. It just seems to me like the Euro is doomed unless this kind of transfer can be hardwired in. Feyer and Sacerdote is the key paper here, showing how in the US transfers are huge. (Feyrer, James, and Bruce Sacerdote. 2013. "How Much Would US Style Fiscal Integration Buffer European Unemployment and Income Shocks? (A Comparative Empirical Analysis)." American Economic Review, 103(3): 125-28. Link
DOI: 10.1257/aer.103.3.125)
4. and from Shane Greenstein following our class discussion of two-sided markets on competition between platforms.
5. Fiscal transfers in a monetary union again, Florida versus Spain. It just seems to me like the Euro is doomed unless this kind of transfer can be hardwired in. Feyer and Sacerdote is the key paper here, showing how in the US transfers are huge. (Feyrer, James, and Bruce Sacerdote. 2013. "How Much Would US Style Fiscal Integration Buffer European Unemployment and Income Shocks? (A Comparative Empirical Analysis)." American Economic Review, 103(3): 125-28. Link
DOI: 10.1257/aer.103.3.125)
