tag:blogger.com,1999:blog-7169279.post3605022892310685661..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: Consumers May Be Heard After AllDr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7169279.post-25980522526557034542011-11-09T10:58:52.930-07:002011-11-09T10:58:52.930-07:00Good point.
I have heard this point made in the ...Good point. <br /><br />I have heard this point made in the media, but I'm not sure the extent to which it is true. It's certainly plausible.<br /><br />This is an example of tax incidence as covered in Chapter 6 of this text (and in all the other Micro and ManEc texts you've used). Politicians and regulators are far more concerned with the label applied to who is being taxed than on Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-50818434652787824642011-11-05T09:59:18.822-06:002011-11-05T09:59:18.822-06:00The interesting thing about banks charging new fee...The interesting thing about banks charging new fees is the motive behind the change. The reason behind the change is that the government decided it needed to “protect” consumers from banks and made new legislation restricting the interchange they could receive. Interchange is the percent financial institutions received from merchants when a consumer used their debit/credit card. By trying to “Bretthttps://www.blogger.com/profile/08519027332601061975noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-19282867195966761812011-11-04T17:04:39.994-06:002011-11-04T17:04:39.994-06:00-1 on sjenn for a spelling error.
Since this was ...-1 on sjenn for a spelling error.<br /><br />Since this was posted, Bank of America has rescinded this plan.<br /><br />Microeconomists would find this topic fun. For my part, I'm stumped. It's hard for me to see any reason other than habit why customers wouldn't put up with this fee.<br /><br />Of course, there is a prisoner's dilemma here. Banks can choose strategies of fee or Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-82541679162725574222011-10-31T22:32:33.331-06:002011-10-31T22:32:33.331-06:00This is a fun topic. I believe that it is unlikel...This is a fun topic. I believe that it is unlikely that banks continue at this point to charge such fees. In this economic time consumers are becoming more likely to change suppliers when a feeling of injustice occurs. The problem with Bank of America's decision to charge such fees is that many banks have chosen not to raise revenue in this manner. This is causing consumers to potentiallyRyan C. Gublerhttps://www.blogger.com/profile/15093373716873628325noreply@blogger.com