Tyler Cowen's Blog, page 441

October 12, 2012

A correction from *Nature*

Corrected:    In the original text, we wrongly attributed to Enrico Spolaore the opinion that using genetic data in economics could help policy-makers to set immigration levels. He actually suggested that the work could reduce barriers to the flows of ideas and innovations across populations. The text has been amended to reflect that.


The link is here.  The earlier MR post is here.  I thank a loyal MR reader for the pointer.

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Published on October 12, 2012 05:16

The spread of priority queueing

Here is one example of many:


Take the Six Flags White Water amusement park in Atlanta, which implemented a priority queue system in 2011.


Some guests simply queue up for their rides. Those who purchase green-and-gold wrist bands – fitted with radio frequency technology – are able to swim in the pool or eat snacks before being alerted to their turn.


Guests who pay an even higher fee – roughly double the price of admission – get the gold flash pass, cutting their waiting time in half.


The company says it has been a huge hit and is now installing the system in all of its American water parks.


Furthermore:


The priority queuing system has also started to be extended to the public sphere. Many people who drive to Six Flags White Water take Interstate highway I-85.


In October 2011, Atlanta created a priority lane on the highway for drivers with a Peach Pass – the price of driving in the lane changes depending on how much traffic there is.


For the pointer I thank Ray Lopez.

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Published on October 12, 2012 00:18

October 11, 2012

Angola (Portugal) fact of the day

100,000: The number of Portuguese living in Angola last year, up from 21,000 in 2003. That is more than triple the number of Angolans living in Portugal. Migration flows are beginning to reverse, with thousands of construction workers from Europe flocking to Africa to find jobs in the boom.


Here is more bullish information on Africa, via Michelle Dawson.

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Published on October 11, 2012 23:32

“A new market for weddings” — Market makers in everything

Here is a new service:


Over 250,000 weddings are called off every year.

We purchase cancelled weddings and resell them to new couples.


Sellers recover deposits and upfront costs hassle-free.

Venues and providers enjoy uninterrupted business as usual.

Buyers find beautiful, pre-planned weddings at a fraction of the price.


Register with us and help us build a new market for weddings.


For the pointer I thank John Farrier.

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Published on October 11, 2012 10:53

Crack cocaine and education

From William N. Evans, Craig Garthwaite, Timothy J. Moore:


We propose the rise of crack cocaine markets as an explanation for the end to the convergence in black-white educational outcomes beginning in the mid-1980s. After constructing a measure to date the arrival of crack markets in cities and states, we show large increases in murder and incarceration rates after these dates. Black high school graduation rates also decline, and we estimate that crack markets accounts for between 40 and 73 percent of the fall in black male high school graduation rates. We argue that the primary mechanism is reduced educational investments in response to decreased returns to schooling.


The ungated version is here.

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Published on October 11, 2012 07:13

Paradoxes of Internet Regulation–Korea Edition

Google’s maps of Seoul are peculiar, they offer public transit directions but not driving directions. Turns out that this is due to Korean law (the Measurement Act) which prohibits the export of Korean map data without obtaining government approval. (The distinction appears to be that driving directions are ”new” maps and thus unapproved while transit directions are fixed and can be approved in advance of generation.)


Local versions of Google satellite imagery are also much lower resolution in South Korea due to military restrictions. Google has argued that by satisfying the law within a country it satistifes that country’s law, a policy rule on Google’s part that I applaud, but this policy does lead to the paradox that the images of South Korea available in South Korea are not as high resolution as those available in North Korea!


More generally, however, the bigger Google gets the more countries it has a physical presence in (servers, sales staff and support etc.) and thus the more leverage individual countries, especially large countries, will have to degrade the services that Google offers not just within-country but to the world.

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Published on October 11, 2012 00:37

An excellent blog post on the various Nobel literary contenders

From Literary Saloon, you can read the post here.


Addendum: Mo Yan has won, one of his best-known novels is Red Sorghum.

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Published on October 11, 2012 00:36

October 10, 2012

Controversies over economics and genetics

To critics, the economists’ paper seems to suggest that a country’s poverty could be the result of its citizens’ genetic make-up, and the paper is attracting charges of genetic determinism, and even racism. But the economists say that they have been misunderstood, and are merely using genetics as a proxy for other factors that can drive an economy, such as history and culture. The debate holds cautionary lessons for a nascent field that blends genetics with economics, sometimes called genoeconomics. The work could have real-world pay-offs, such as helping policy-makers to set the right level of immigration to boost the economy, says Enrico Spolaore, an economist at Tufts University near Boston, Massachusetts, who has also used global genetic-diversity data in his research.


But the economists at the forefront of this field clearly need to be prepared for harsh scrutiny of their techniques and conclusions. At the centre of the storm is a 107-page paper by Oded Galor of Brown University in Providence, Rhode Island, and Quamrul Ashraf of Williams College in Williamstown, Massachusetts. It has been peer-reviewed by economists and biologists, and will soon appear in American Economic Review, one of the most prestigious economics journals.


The full story is here.  The previous MR post on the dispute, which includes a link to the paper, is here.

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Published on October 10, 2012 23:41

The growing urban prosperity of North Korea

View the photos here.  An article is here.  Recommended, hat tips listed here.

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Published on October 10, 2012 12:01

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