@douginamug :O Sure, it's right here: https://youtu.be/w1Ue4RdowmU

Might wanna keep those expectations low

@bthall I watched the whole thing! I'm not gonna lie, when I saw the length at first, I thought I wouldn't make it 😅 I absolutely loved your #twigonomics!

Wrt your content: my mind always goes in circles when I think about scale and efficiency. On the one hand, 1000 tiny firms are incredibly inefficient as an aggregate supplier: 1000 accountants, 1000 hr depts, 1000 cleaners, etc, etc. However they are at least pressured into making all of things efficient.

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@bthall ...

On the other hand, 1 firm can benefit from enormous efficiencies of scale. Provided this monopoly contributes at least a tiny bit towards R&D, they have the ability of being the most materially efficient supplier... but then prices can go to shit if they decide to be extractive (and as you stated, they often are.)

Do your classes about the how the internal differences between firms can lead to different properties between firms? Most theory is based on hierarchies, not coop

@douginamug Um sort of yes and no: we know you would likely estimate cost functions associated with varying internal organizational structures, and we know enough that someone that's highly motivated could get the ball rolling with such estimates, but we have tended to deal more with general production functions (for labor, capital and using cost measures that likely internalize costs associated w/ thr internal use) and aggregate measures of marginal costs.

@douginamug The internal org structure stuff does sound pretty good for a Labor econ class. I've received the impression that the labor econ class at my uni deals more with within-market Dynamics, not within-firm, but I could be wrong.

I would love to see an overlap between Industrial Organizational (IO) #Psychology and IO Econ, if only to see discussions of #externalities / #transactionCosts in firm behavior.