The problem of airline seat size getting smaller and people getting larger is difficult to solve because comfort and revenue tend to conflict.…
Six Surprising Facts About Our Prescription Drug Spending
Called a prescription escalator, our prescription drug spending is more about efficacy and age than the rising prices that we say we see.…
Why a Lifetime Pasta Pass is About More Than Spaghetti
The unlimited pasta that Olive Garden’s Never Ending Pasta Pass winners consume reflects a massive change in marginal utility.…
What Chuck E. Cheese Teaches Us About Money
When Chuck E. Cheese changed the kinds of payment cards that kids and their parents used for games and food, they created new spending incentives.…
When to Worry About Water
Approaching Day Zero, the people in Cape Town South Africa were conserving water by singing two minute shower songs and using 50 liters (13 gallons) a day.…
Why Driving is Safer in Sweden
An economist might say that the optimal number of traffic fatalities depends on the cost of preventing them. Sweden disagrees. Compared to most other countries, Sweden’s road safety is tops: In …
Disrupting the Movie Industry
With many of us rarely going to a theater, we can see why movie attendance is down and the chance for industry disruption is up.…
Why Superstar Salaries Are So High
Seeing that LeBron James has a four-year $154 million deal, we can ask what makes superstar salaries for athletes so high.…
Breaking the First-Digit Law and Other Number Crimes
When the digits that appear frequently in national accounting figures, spreadsheets, and earnings reports are missing, then we can say we have suspicious numbers.…
Explaining Why We’ll Have New Hotel Shampoo Bottles
Describing why we’ll have new hotel shampoo bottles, Marriott, a hotel guest, and an economist would have different explanations.…