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Comments on: This is why paternalism exists http://www.tvhe.co.nz/2014/08/04/this-is-why-paternalism-exists/ The Visible Hand in Economics Thu, 07 Aug 2014 08:51:00 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: jamesz http://www.tvhe.co.nz/2014/08/04/this-is-why-paternalism-exists/#comment-43483 Thu, 07 Aug 2014 08:51:00 +0000 http://www.tvhe.co.nz/?p=11683#comment-43483 In reply to PaulL.

It is interesting in an energy market that has a lot of retail competition. I think it reinforces the idea that the outcomes of a competitive market may occur in the limits but are rarely likely to be observed.

]]> By: PaulL http://www.tvhe.co.nz/2014/08/04/this-is-why-paternalism-exists/#comment-43482 Wed, 06 Aug 2014 21:30:00 +0000 http://www.tvhe.co.nz/?p=11683#comment-43482 Or, arguably, it could show a market opening for a company that:

a) creates a set of simple to understand plans, and
b) helps their customers to select the best plan, and
c) surveys their customers success so their ads can say “97% of people switching to us save money, only 30% of people switching to our competition save money and in fact 30% of people lose money”

At which point the market has self corrected this abysmal situation.

Of course, this would never happen in the real world. Sigh.

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