http://www.tvhe.co.nz/2009/11/06/taking-unilateral-action/ The Visible Hand in Economics Thu, 02 Sep 2010 23:54:00 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://www.tvhe.co.nz/2009/11/06/taking-unilateral-action/comment-page-1/#comment-21815 Glasgow Bathroom Fitters Sat, 07 Nov 2009 22:36:15 +0000 http://www.tvhe.co.nz/?p=4439#comment-21815 Wonderful stuff. What I do not understand is the bio fuel argument. Shouldn't we be feeding people instead of using tons of crops to run a car a few miles. Wonderful stuff. What I do not understand is the bio fuel argument. Shouldn’t we be feeding people instead of using tons of crops to run a car a few miles.

]]> http://www.tvhe.co.nz/2009/11/06/taking-unilateral-action/comment-page-1/#comment-21811 Grant Fri, 06 Nov 2009 21:17:03 +0000 http://www.tvhe.co.nz/?p=4439#comment-21811 Yakita's evidence is limited by predicting future behaviour from past performance over a limited time span. Neither of these markets is saturated and new innovations always grow rapidly in the 2nd phase of the S curve. There are reports from the European food market that claim that organic sales are stabilising at about 2.5% of any particular market share. They will certainly not take over from conventional food unless the costs of either change dramatically. The same, I suspect, is true for hybrid cars. It may be interesting to look at the diesel car market in different countries. Yakita’s evidence is limited by predicting future behaviour from past performance over a limited time span. Neither of these markets is saturated and new innovations always grow rapidly in the 2nd phase of the S curve. There are reports from the European food market that claim that organic sales are stabilising at about 2.5% of any particular market share. They will certainly not take over from conventional food unless the costs of either change dramatically. The same, I suspect, is true for hybrid cars. It may be interesting to look at the diesel car market in different countries.

]]>