Demand and Supply

July 2, 2017

Why a Natural Monopoly is Good for Peak Power and the Super Flush

At the end of the last episode of M*A*S*H, during I Love Lucy commercials, after a popular BBC soap, we need a natural monopoly to satisfy peak demand.

May 23, 2017

A Surprising Way to Ration Education

Because of increasing demand, Shanghai’s private schools have revised their admission requirements. In addition to the typical student tests and interviews, now parents and grandparents have to meet certain […]

May 10, 2017

When the Price is Always Right

At two gas stations near Rotterdam, price is constantly changing. Using software that recognizes buying behavior, the retailers try to match the price to the customer. Those who are willing to pay […]