Isabella M. Weber
@isabellamweber
EconProf @UMass | Joan Robinson Prize, Keynes Prize, Meiksins Wood Prize, Rothschild Prize & MatthΓΆfer Prize | Harvard Associate in Research | 2023 TIME100 Next
ID: 2391392488
https://www.isabellaweber.com 07-03-2014 16:06:45
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The price question in an eggshell: Jason Furman: When π₯ prices go up, supply goes up. Me: When π₯ prices go up, π do not lay more π₯. It takes time until more π₯-laying π are bred. In the interim, prices overshoot hurting consumers & causing windfall profits. Full story ππ½