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We refer to this policy as ‘keep supply at average (KSA)’. Introduction The purpose of the present work can be summarized in the following points: Nowadays, there is a large and increasing literature on the application of mathematical control theory in economics, which has provided us with ...
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Oil prices are starting to rise too high in my opinion. $80 oil (as forecasted for later) is simply not sustainable. I really wish KSA and MbS would shut the heck up about $80 to $100 oil, which they want in order to artificially jack up the potential ca
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Put simply, demand is inelastic in that it does not vary much owing to price variations alone - we still drive our cars even though it gets more expensive to do so. Supply used to be elastic (the flat part of the supply curve), higher prices easily translating to higher supply. In ...
there will be waves of home abandonments as people are underwater. Real Estate sales for May and June will approach zero. Auto sales will evaporate, and the used car lots will go bust, as people seek to liquidate the second and third cars via private sales, E-Bay and craigslist and ...