Just 16 years ago, we needed a $25 minimum order to get Amazon’s free Super Saver Shipping for an 8 to 10 day wait. An extra $9.48 got us two-day delivery and $16.48, one day. But then in 2009, they…
A behavioral economist can explain why a pricing strategy can become a legend when it relates to a bread making machine.
Because Chicago first had a single use plastic bag ban and then replaced it with a single use plastic bag fee, researchers can compare the impact.
Recent research explains that our yogurt choice fatigue at the supermarket is rather similar to what we experience when buying a car.
When we compare Bhutan’s gross national happiness (GNH) to its gross domestic product (GDP, we could decide if happiness relates to economic growth.
From the nineteenth century to the twenty-first, our expectations for fast letter and package delivery have changed considerably.
When we pay through an honor system, retailers depend on our economic honesty while researchers are trying to understand it.
Called “price gouging” by many of us, an increase in prices as a hurricane approaches could be a productive incentive for supply and demand.