Cecil Bohanon and John Horowitz: In cooperation, expand the pie and split the gains
If two parties envision a gain from cooperation, they should first agree on the precise magnitude of that gain.
Cecil Bohanon
Articles
Cecil Bohanon and John Horowitz: How fertility rates impact society—and taxpayers
Fewer people in the working-age population and more older Americans mean that U.S. taxpayers may be unable to afford future Social Security benefits increases.
Cecil Bohanon and John Horowitz: Prejudice hurts both people and the economy
One reason many American workers were worse off was because Chinese labor filled market niches that made American workers more productive.
Cecil Bohanon and John Horowitz: Are carbon taxes a beneficial tool? It depends.
The last time world CO2 levels consistently exceeded today’s 420 ppm was about 14 million years ago during the middle Miocene, after which the Earth slowly cooled toward a series of ice ages.
Cecil Bohanon and John Horowitz: Court: Congress has the right to cut Social Security
He was deported from the United States in 1956 because of his affiliation with the Communist Party in the 1930s.
Cecil Bohanon and John Horowitz: Microlending has fallen out of favor as a cure for poverty
While some people have overcome poverty via microloans, economic research finds that microloans don’t improve the finances or health of most low-income individuals.
Cecil Bohanon and John Horowitz: Students hear assortment of Rice’s insights
When asked which three parts of the world are currently most problematic for the United States, Rice listed the Middle East, Russia and Venezuela.
Cecil Bohanon and John Horowitz: The Pendleton Act of 1883 reformed civil service
In much of the 1800s, the post office had more employees than any other branch of the federal government, including the War Department.
Cecil Bohanon and John Horowitz: Both buyer and seller of illegal art are liable
Although unwitting buyers of low-value goods stolen by fly-by-night hustlers might not run much risk of prosecution, museums and private collectors of ancient artifacts are under increasing scrutiny to ensure items in their collections have been obtained legitimately.
Cecil Bohanon and John Horowitz: No, Venezuelan oppressors are not now capitalists
The more subjective but widely used U.N. Social Progress Index (SPI) shows that Venezuela “has seen the biggest drop of any country in its SPI rank between 1990 and 2020.”
Cecil Bohanon and John Horowitz: Prices that fluctuate with usage change behavior
Though governments today simplify Vickrey’s proposals, congestion pricing is used in Singapore, Stockholm and London.
Cecil Bohanon and John Horowitz: Key indicator suggests inflation has finally been tamed
Nevertheless, the inflation rate has stubbornly remained above 3% since the summer of 2023.
Cecil Bohanon and John Horowitz: Organizations must plan to prevent problems
It is difficult for businesses and individuals to forecast all risks.
Cecil Bohanon and John Horowitz: ‘Crowd wisdom’ influences betting odds
So why would the price of these contracts be of interest? It goes back to the “wisdom of the crowd.”
Cecil Bohanon and John Horowitz: Clock is ticking on getting federal deficit under control
Federal expenditures will increase from 23.9% of GDP in 2024 to nearly a quarter of the U.S. GDP by 2034.
Cecil Bohanon and John Horowitz: The eclipse and nature’s economic power
The late Yogi Berra’s seemingly oxymoronic quip, “Nobody goes there anymore; it’s too crowded” rang strangely accurate.
Cecil Bohanon and John Horowitz: Hospital mergers can bring big economic consequences
Merger-related price increases mean employer-sponsored plans pay hospitals more for each procedure, meaning health insurance companies charge more for health insurance.
Cecil Bohanon and John Horowitz: Content creating not the gold rush it once was
According to a Goldman Sachs report, there are 50 million income-earning, online-content creators, and that number is expected to increase.
Cecil Bohanon and John Horowitz: Are nuclear regulations and actual risk proportionate?
For better or worse, America’s energy future will be determined by political considerations as much as market conditions since all energy sources generate external costs that are not fully incorporated into market prices.
Cecil Bohanon and John Horowitz: Fallout from tariffs is seen in unexpected places
The tradeoff is that the tariffs increase prices, and industries that use the now higher-priced goods as inputs in their production hire fewer workers.