Affecting a firm’s revenue, when consumers can determine price through pay-what-you-want, the amount they select depends on their unselfish self-signaling.
Weekly Roundup: From Chicken Sandwiches to Budget Gridlock
Our economic news summary includes chicken sandwiches, reefers and the supply chain, the internet and the information infrastructure and the federal budget.
The Most Expensive Way to Make a Chicken Sandwich
In a chicken sandwich are ingredients from around the world that one person can create but the price system gathered them for us at the local supermarket.
Why We Need Trophy Hunting
Expensive trophy hunting packages demonstrate how the price system gives a value to animals that helps to preserve them.
What We Can Learn from Venezuelan Inflation
Shortages, long lines, and panic buying are several ways that hyperinflation is creating chaos for local and foreign firms and consumers in Venezuela.
Weekly Roundup: From Good Voices to Bad Marriages
Our everyday economics includes GDP, human capital, price system, public goods, taxes, gender pay gap, externalities, subsidies, marriage economics and ROI.