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Comments on: List of Kiwi’s who think they know better http://www.tvhe.co.nz/2010/06/29/list-of-kiwis-who-think-they-know-better/ The Visible Hand in Economics Thu, 01 Jul 2010 03:43:16 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2010/06/29/list-of-kiwis-who-think-they-know-better/#comment-26399 Thu, 01 Jul 2010 03:43:16 +0000 http://www.tvhe.co.nz/?p=5129#comment-26399 @steve

There are a number of mechanisms I intend to pull out tomorrow night if possible 😀

http://www.tvhe.co.nz/2009/08/11/internalities-mechanisms-and-booze/

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By: steve http://www.tvhe.co.nz/2010/06/29/list-of-kiwis-who-think-they-know-better/#comment-26398 Thu, 01 Jul 2010 03:38:45 +0000 http://www.tvhe.co.nz/?p=5129#comment-26398 I’m not saying taxes and regulation (of age) are required for solving time-inconsistency – though they are a possible (perhaps not the most effective) method of dealing with it. And I agree using this explanation requires evidence which we may or may not have. But I don’t think time-inconsistency is a cop-out, I think it is just another type of problem which requires some thought for how to solve it, just as market failures do.

Then again, perhaps it is not something that needs solving. the time inconsistency problem may in reality only be minor and limited to the 2 final drinks at the end of the evening. further it may not even be a problem if you consider the decision to drink as a single decision and ignore the decision on how much to drink – the surplus may still exceed the cost so there is no problem.

Even so, I am just curious as to how you would solve it. what are these voluntary mechanisms? or other non-voluntary mechanisms (such as not serving people who are already drunk)?

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By: Matt Nolan http://www.tvhe.co.nz/2010/06/29/list-of-kiwis-who-think-they-know-better/#comment-26397 Thu, 01 Jul 2010 03:22:33 +0000 http://www.tvhe.co.nz/?p=5129#comment-26397 @steve

Hence there is a potential reason for providing a voluntary mechanisms for solving the time inconsistency problem.

It is a stretch to say that we should increase regulation and taxes further on the basis of time inconsistency – and in order to justify such a claim the goal should be to gather evidence, not to introduce policies and use this as a “ex-post” justification.

Furthermore, that is not what these people are saying – they are saying “drinking causes harm – you don’t understand that, because you lack our massive “high poweredness”, so we are taking the bottle away from you”. They are willing to reduce peoples liberties, because they don’t think people are capable of using them.

Time inconsistency always feels like a massive cop-out to me. It is where analysts go once they’ve run out of real externalities and they still need to find a problem so they can get funding from government.

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By: steve http://www.tvhe.co.nz/2010/06/29/list-of-kiwis-who-think-they-know-better/#comment-26396 Thu, 01 Jul 2010 03:16:27 +0000 http://www.tvhe.co.nz/?p=5129#comment-26396 I agree that it is about information. if people are properly informed they take on the costs (and benefits) at the time of consumption.

But what about the time inconsistency problem?

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By: Matt Nolan http://www.tvhe.co.nz/2010/06/29/list-of-kiwis-who-think-they-know-better/#comment-26392 Wed, 30 Jun 2010 21:43:48 +0000 http://www.tvhe.co.nz/?p=5129#comment-26392 @rainer

Agreed. And as long as we give people information about how their action impact on their lives it should be their choice what they do.

Them turning around and saying “I know better than you what to do with your life” is poor form.

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By: rainer http://www.tvhe.co.nz/2010/06/29/list-of-kiwis-who-think-they-know-better/#comment-26391 Wed, 30 Jun 2010 20:18:51 +0000 http://www.tvhe.co.nz/?p=5129#comment-26391 still think that alcohol is dangerous to us..

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By: Matt Nolan http://www.tvhe.co.nz/2010/06/29/list-of-kiwis-who-think-they-know-better/#comment-26388 Tue, 29 Jun 2010 23:18:58 +0000 http://www.tvhe.co.nz/?p=5129#comment-26388 @Kimble

This

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By: Kimble http://www.tvhe.co.nz/2010/06/29/list-of-kiwis-who-think-they-know-better/#comment-26387 Tue, 29 Jun 2010 22:59:21 +0000 http://www.tvhe.co.nz/?p=5129#comment-26387 The RBNZ should use monetary policy to give you more hours in the day, Matt.

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By: Eric Crampton http://www.tvhe.co.nz/2010/06/29/list-of-kiwis-who-think-they-know-better/#comment-26374 Tue, 29 Jun 2010 02:24:23 +0000 http://www.tvhe.co.nz/?p=5129#comment-26374 Interesting that this political advocacy was organized by Douglas Sellman through Alcohol Action New Zealand, which solicits donations here through a Trust registered with the Charities Commission whose sole charitable purpose, according to the Charities Commission website, is to provide scholarships and awards for alcohol and drug research, and which specifically said “no” to that one of its purposes is advocacy.

Surely it’s all innocent and the foundation is just providing some admin support for Alcohol Action New Zealand. I hope and trust that nobody donating to the advocacy group received tax receipts from the charitable foundation.

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By: ben http://www.tvhe.co.nz/2010/06/29/list-of-kiwis-who-think-they-know-better/#comment-26372 Tue, 29 Jun 2010 01:16:16 +0000 http://www.tvhe.co.nz/?p=5129#comment-26372 I can see Michael Jones is going to fit right in to the current National Party set up when he becomes a MP. He and Joyce will get on like a house on fire. What mischief won’t they get up to?

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