Markets and Market Failure
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Morrisons suppliers asked to wait for pay

Morrisons suppliers asked to wait for pay | Markets and Market Failure | Scoop.it
The supermarket giant Morrisons has asked at least 180 of its food suppliers to extend its payment terms to 60 or even 90 days – in many cases more than doubling their current wait.
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Rescooped by Marie Wilkins from Y1 Macro: UK Economy
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Mortgage help scheme scaled back

Mortgage help scheme scaled back | Markets and Market Failure | Scoop.it
“ The Bank of England's move to refocus the Funding for Lending scheme on business and not mortgage borrowers prompts sharp falls in housebuilders' share prices.”
Via BEEconomics
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Perfectly inelastic supply: For sale: 150 million-year-old dinosaur

Perfectly inelastic supply: For sale: 150 million-year-old dinosaur | Markets and Market Failure | Scoop.it
The almost complete fossil of a diplodocus is set to go under the hammer at an auction in the UK on Wednesday.
Via Phil Hensman
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Factors of production: Kenya discovers huge water source

Factors of production: Kenya discovers huge water source | Markets and Market Failure | Scoop.it

A huge water source has been discovered in the arid Turkana region of northern Kenya which could supply the country for 70 years, the government says.


Via Phil Hensman
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Rescooped by Marie Wilkins from Microeconomics: Pre-U Economics
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Ryanair profits warning could refocus airline on good service - Telegraph

Ryanair profits warning could refocus airline on good service - Telegraph | Markets and Market Failure | Scoop.it
Excess baggage charges, a 2pc credit card charge, a £70 penalty for failing to print out your boarding pass, €3 (£2.52) for a small bottle of water – these are just some of the clever tricks that have made Ryanair one of the most profitable...

Via Graham Watson
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Graham Watson's curator insight, September 9, 2013 2:49 AM

I confess to quite liking Ryanair and Michael O'Leary, primarily as an example of what you can get away with, given sufficient 'chutzpah' (Hewbrew for 'brass neck'). The pricing structure of his business has served as a model for other low-cost carriers and serves as a warning that the principle of 'caveat emptor' still applies ('May the buyer beware').

However, I also only really use the low-cost carriers as a price anchor these days; experience has shown me that invariably flagship carriers offer similar prices at more convenient times, from better located airports and with fewer add-on charges.

Nevertheless, an interesting article about the various tricks that the company try to pull in getting you on their planes.

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Apple's stock tumbles after company fails to deliver cheaper iPhone - Los Angeles Times

Apple's stock tumbles after company fails to deliver cheaper iPhone - Los Angeles Times | Markets and Market Failure | Scoop.it
ABC News Apple's stock tumbles after company fails to deliver cheaper iPhone Los Angeles Times SAN FRANCISCO — Investors punished Apple's stock Wednesday, driving it down more than 5% after the technology giant disappointed Wall Street by failing...
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What an $80 barrel of oil means to the world

What an $80 barrel of oil means to the world | Markets and Market Failure | Scoop.it
Why is the price of oil falling?
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Price changes: UK house prices continue to rise

Price changes: UK house prices continue to rise | Markets and Market Failure | Scoop.it
UK house prices rise again, and are now 5.8% higher than this time a year ago, says Nationwide.
Via Phil Hensman
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Lenovo to Sell Phones in Markets Where IPhone Seen Costly

Lenovo to Sell Phones in Markets Where IPhone Seen Costly | Markets and Market Failure | Scoop.it
Lenovo Group Ltd., the largest maker of personal computers, said it will triple the number of markets in which it sells smartphones by focusing on emerging economies where Apple Inc.’s iPhone is seen as too costly.
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Merit Goods: Electric Cars Lose Their Spark With Buyers

Merit Goods: Electric Cars Lose Their Spark With Buyers | Markets and Market Failure | Scoop.it

A new survey of top car executives shows greener battery-powered vehicles are not being embraced by global consumers.


Via Phil Hensman, Matt Smith
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Matt Smith's curator insight, January 10, 2013 8:38 AM

So what what is causing the fall in demand and what can governments do to encourage the purchase of these cars? What are he alternatives?

Sdg's curator insight, May 14, 2013 8:49 AM

Evaluation,  so assess to what extent electric cars are a close substitute for conventional cars,  also use this article to judge how effective govt subsidies of electric cars may be in reducing pollution.

Rescooped by Marie Wilkins from Microeconomics: Pre-U Economics
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John Lewis puts lifetime electricity cost on product labels

John Lewis puts lifetime electricity cost on product labels | Markets and Market Failure | Scoop.it
Government-backed scheme aims to show people how energy efficient appliances can help them save on energy bills

Via Graham Watson
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Graham Watson's curator insight, September 11, 2013 4:20 AM

Another environmentally-friendly story that has appeared, this time looking at improving the provision of information in the market for white goods. This initiative is designed to let consumers know the likely lifetime electricity cost of various models of appliance.

I like the idea but think that the initiative needs a rejig - the size of the information relative to the "service plan" advertisement strikes me as wrong. The service plans are, to my mind, a malign thing, and economically inefficient - they ask consumers to pay upfront for something when they can't be expected to be aware of all of the costs/benefits of the schemes - exactly the opposite of what the environmentally-friendly initiative is doing.

It's also an imperfectly competitive market - surely there's scope for companies to emerge which are prepared to bear all of the risk of underwriting repairs to a household's appliances. Of course, there's a moral hazard element to this, but to my mind there must also be significant economies of scale. And it's a market that has started to emerge in the vehicle sector...

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White-Bellied Spider Monkey Losing to $18 Billion of Oil - Bloomberg

White-Bellied Spider Monkey Losing to $18 Billion of Oil - Bloomberg | Markets and Market Failure | Scoop.it
White-Bellied Spider Monkey Losing to $18 Billion of Oil Bloomberg Correa, who hasn't borrowed from the bond market since calling Ecuador's creditors “true monsters” in 2008 and faces a record $3.68 billion budget deficit this year, said last month...
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