All posts tagged “marginal cost

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Policies for the leisure state

Andrew Kortina and Namrata Patel recently published an intriguing essay called,┬áKinky Labor Supply and the Attention Tax. They begin by talking about declining labor force participation rates, particularly among young men. Remember that the participation rate is distinct from the unemployment rate. Here is a… Read More

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Marginal cost = 0

Earlier this week I wrote a post called: The pull from services to products. And in it I made mention of the fact that part of what’s driving this pull towards products is that the marginal cost of servicing additional users or customers is almost… Read More