As a number of people have pointed out, cable TV, cable internet connections, and cable streaming have been remarkably robust throughout this crisis. Why might that be? Let’s think through a few basic points about the economics of supply cut-offs. This will not be a complete model, but it will focus attention on perhaps one […] The post The economics of supply cut-offs appeared first on Marginal REVOLUTION.
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That is the topic of my latest Bloomberg column, here is one excerpt: Consider the supply chain of...That is the topic of my latest Bloomberg column, here is one excerpt: Consider the supply chain of the Apple iPhone, which stretches across dozens of companies and several continents. Such complex cross-national supply chains generate relatively high profits, giving them a kind of immunity to small disruptions. If there is an unexpected tax, tariff or exchange […] The post How robust are supply chains? appeared first on Marginal REVOLUTION.