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Companies have discovered that Americans, unlike Scandinavians or Germans, refuse to pay even a tiny premium for such innovations as electricity made from renewable energy, biodegradable plastics or cleaner petrol.
Sonae is offering €9.50 a share (a tiny premium) for what is Portugal's biggest listed company; it was fully privatised in 2000, though the government has a "golden share" to block unwanted bids.
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The company will exchange 16 common shares for each 25 savings shares, a tiny premium over the savings shares' closing price on Friday.
Also under consideration: a tiny "premium compact" model.
If you choke on your shoe during a speech in the House of Representatives, you'll be whisked away to the Walter Reed Army Medical Center, and specialists will extract your hoof from your mouth and your head from your colon and clean you up and all for a tiny annual premium.
That's not the problem with First Union's Wachovia deal, which at its April unveiling stood at a tiny 7% premium.
So Wednesday's 155,000 call options bought for tiny premiums ranging between 10-15 cents per contract smacks of a large institution placing a sizable gamble that change might be in the air either in what the Fed says this afternoon or for a more general change of heart toward the dollar before expiration on Nov. 20.
The greens dispute this argument, asserting that "as cattle eat grass most of the year, this small premium would represent a tiny price differential for the customer (eg 2c on a Sunday roast)".
As Acemoglu and Robinson say, there's other strange stuff in Meltzer; how does a rising premium for education explain soaring shares for a tiny segment of the highly educated?
You pay a premium for a premium service.
Would you pay a premium for a hybrid?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com