Called “price gouging” by many of us, an increase in prices as a hurricane approaches could be a productive incentive for supply and demand.
How Phish-Tarping is a Tragedy (of the Commons)
While we know that overused resources can include the ocean, the air, and a pasture, we also should include beaches and seats.
Why Aretha Franklin Should Have Earned More From “Respect”
Looking at who did not pay Aretha Franklin for “Respect,” we can see why music copyright law is being rewritten by the Congress.
New Figure Skating Music…But Who Pays?
Now that music with words can accompany Olympic figure skating, there is less classical music, more hip-hop and Beyoncé, and some questions about intellectual property rights.
Weekly Roundup: From Calories to Climate
Our economic news summary included climate talks and externalities, “missing women” and Asian marriage markets, seniors’ spending and manufacturing supply.
A Lesson From a Grapefruit
The Florida citrus industry and especially the grapefruit market have demand and supply problems that incentivize structural adjustment with new crops.
When Your Ability to Pay Determines Your Punishment
In Finland, for some traffic violations, the rich have higher fines than those with less because of day fines that are similar to progressive taxation.
Weekly Roundup: From Raisins to BBQ
Our everyday economics includes property rights, sovereign debt, default,, externalities, regulation, Pigovian taxes, incentive, state taxes, and oligopoly.