The owner of Montana Wines and New Zealand’s largest wine company, Pernod Ricard, is set to cull its contracts with wine growers in the Gisborne region. This action is in response to falling demand for chardonnay and sparkling pinot noir wine, both domestically and internationally. Chardonnay exports reportedly fell 12-14% last year alone. The culprit? …
Monthly Archive: June 2009
Permanent link to this article: http://www.tvhe.co.nz/2009/06/30/changing-tastes-and-preferences-in-the-market-for-nz-wine/
Jun
30
2009
The carbon emission circus is coming to town
Late last week the Government announced that they were running a public consultation on the emissions target for 2020. The Government already have a long term goal of reducing carbon emissions to 50% of 1990 levels by 2050. Long term goals tend to work quite well for Governments as it gives the public the idea …
Permanent link to this article: http://www.tvhe.co.nz/2009/06/30/the-carbon-emission-circus-is-coming-to-town/
Jun
29
2009
Question on loss aversion
I have a question on loss aversion, as I am confused. I keep seeing loss aversion defined like this: our tendency to feel sadder about losing, say, $1,000 than feeling happy about gaining that same amount But this sounds like diminishing marginal utility to me. I mean, the $1,000 dollars I’m losing provides me with …
Permanent link to this article: http://www.tvhe.co.nz/2009/06/29/question-on-loss-aversion/
Jun
26
2009
Quick thought …
Strict neo-classical economists need to realise that there ARE systematic deviations from tightly defined rationality and as economists we should try to understand these deviations (although preferably deviations can still be incorporated into a more general version of our framework). Behavioural economists should realise that these deviations are far less common than they believe, and …
Permanent link to this article: http://www.tvhe.co.nz/2009/06/26/quick-thought/
Jun
25
2009
Governments love to take credit for things they have nothing to do with Part XXX
So when consumer confidence rose in December because of falling fuel prices there were people saying it was because of the National government. When net migration started to turn at the start of 2009 there were mummers of it being because of the National government. Now that it is clear that departures have collapsed Immigration …
Permanent link to this article: http://www.tvhe.co.nz/2009/06/25/governments-love-to-take-credit-for-things-they-have-nothing-to-do-with-part-xxx/
Jun
24
2009
The lingo never changes …
From a blog that it looking at each day in 1930 we have this beaut of a quote (ht Paul Krugman, and initially Scott Sumner): Leading economists and market observers are looking for clues on how long the current trade depression will continue. Since 1873 there have been thirteen periods of business depression. Ten of …
Permanent link to this article: http://www.tvhe.co.nz/2009/06/24/the-lingo-never-changes/
Recent Comments