Microeconomics

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 […]

April 26, 2017

A Tale of Two T-Shirts

Covering 500 or so miles, a made-in-America t-shirt supply chain can be very different from a globally sourced t-shirt that travels more than 15,000 miles.

April 21, 2017

Where Smokers Smuggle Cigarettes

New York City just proposed another hike in the price of cigarettes. Instead of the $10.50 minimum, a pack might soon cost no less than $13.00. Historically […]