Long queues can be reduced with new incentives. Instead of first-come-first-served, if the last to arrive were served first, then we’d have shorter queues.
The Most Popular States
While job related reasons like unemployment and a new job are cited as likely reasons for interstate migration, marriage and taxes also matter.
Deciding if the Labor Market is Okay
Including the unemployment, quits and participation rates, Janet Yellen’s labor market indicators will help her decide whether to raise interest rates.
Weekly Roundup: From Uber Drivers to Gasoline Prices
Our economic news summary includes labor regulation and Uber, the GDP and streets, gasoline price fluctuation, food and inequality and markets and syrup.
On The Street Where You Live
While economic development can be measured through a history of GDP data, the real yardstick is the history of one street.
Deciding Who is an Uber Employee
Government could tell sharing economy firms like Uber, Lyft and Kitchensurfing if workers will be employees or independent contractors.
Rockets, Feathers and Gasoline Prices
Gasoline prices rise faster than they fall because monopolistic competition provides retailers with some price control although their product is identical.
What Our Food Says About Us
Because middling food like hamburgers is consumed by most people in the affluent West, what we eat does not necessarily reflect inequality or social status.
The Maple Syrup Heist
Because the prices in Canada’s maple syrup market are controlled by its strategic reserve, the market resembles a cartel that distorts supply and demand.
Why a Life Needs a Price Tag
Although it seems callous, for safety regulation like speed limits and for victims’ compensation like 9/11 we need to quantify the value of a life.
