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I live in Blackburg, VA, far away from the coastal areas of the Gulf; however, that didn't stop the hysteria of "Gas is running out! Top off your tanks!" from hitting here. On Friday (9/12), I was heading home from work and noticed that every gas station where the price was $3.55 - $3.85...
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Thanks for the answer, I think I have to be more detailed in my question/argument. The whole argument has to be seen in the context of legally enforced break-up of production chains (undbundling) in the name of 'liberalization' (NOT deregulation). [excerpt from my current argument] Let us assume...
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I need some serious assistance right now: I'm working on a paper that evaluates the impact of Open Access regulations (Third Party Access) to natural gas pipelines, and I wonder if I can make the following argument; - Forcing open access reduces the profit of pipeline operators (not controversial...
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> The Austrian theory of price determination is based on double inequality of valuations < That is fine for single instances of a transaction, but the normal business model calls for repedity of transaction. The same product will be sold again and again, and so the price determination is a bit...
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There is an article in the FT about the three economists who just won the Nobel prize in economics. Here is a quote that jumped out at me: One of the basic problems in economics is that markets are remarkably efficient, but they work best only under rather extreme assumptions. If information held by...
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[quote user="A.B. Dada"] ...I still disagree completely. Price increases are not always caused by inflation of the money supply. Inflation of the money supply CAN dilute your dollar, but it isn't required to, because your dollar's purchasing power is market-specific, not overall economy...