35% Off Mackintosh, S.N.S. Herning

— Wed, 17th June 2009 —

Online sales are so commonplace, it’s not worth reporting on many of them. (Most e-tailers — and nearly every one on our ‘Exclusively ETail’ list — even feature permanent sale sections.) Still, some are worth noting. Take the recently launched men’s e-shop C’H’C’M’ — which stands for Clinton Hill Classic Menswear — where you’ll presently find 35% off some hard-to-find labels like Mackintosh and S.N.S. Herning. Pick up the above Mackintosh blue & white stripe ‘Torness’ jacket for $220.

  1. I imagine that an esomonict would discuss the income and substitution effects of a price increase in a particular fuel. If a carbon price were collected in a revenue-neutral manner, consumers would retain the choice to spend that money as they please. Whether an income effect (consume less of everything) or substitution effect (consumer alternative, cheaper, items) predominates depends upon the consumption alternatives available to the consumer, which can be seen in the demand elasticity for a particular fuel. The idea of a technology-neutral carbon price is that carbon emissions reductions (from a particular fuel) would be premised upon that fuel’s carbon intensity. Oil is not very carbon intensive on a per energy unit basis. I think that I remember reading somewhere that a $100/ton carbon price would result in approximately a 20 cents/gallon price increase in gasoline. Coal, on the otherwise, would be expected to see a substantial price increase. Looking at demand elasticities: – short-term demand is fairly inelastic for oil, due to the lack of readily available alternatives. An income effect thereby dominates when the price of oil rises. – short-term demand is much more elastic for coal, due to the availability of alternatives for energy generation. The claim is that a substitution effect thereby dominates when the price of coal rises. An increase in the price of carbon would therefore be expected to have the following effects: – Not much effect on the price of oil. An income effect would be felt, but would be small. – An effect on the price of coal. An income effect would be felt, but would be smaller than a substitution effect. The final claim would be that less carbon-intensive generation industries which gain consumer demand due to the substitution effect are more labor intensive than the industries which close consumer demand due to income or substitution effects.

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