Similar phenomena, grade inflation and price inflation are controversial problems that are tough to eliminate.
How Could an Economy Be Better When People Think It’s Worse?
By detailing our response to inflation, a new paper tells us why economic misinformation skews our opinion of the entire economy.
When One Item Has More Than One Price
Expanding the reach of its variable prices, JetBlue recently added dynamic baggage fees to its airline fares.
When and Where Higher Temperatures Elevate Food Prices
Thinking about the reasons that food prices rise, we can add a cause to our list that might get worse in the future.
The Mystery of the Missing Price Tag
Still subject to the market’s supply and demand, the prices we pay could reflect a dynamic pricing phenomenon that we cannot see.
The Seismic Changes in Doritos Supply
Looking at Doritos supply and demand, we see seismic changes in supply but little happening on the demand side.
When Prices Should Please Us
While the trajectory of consumer price changes should make us happy, instead we’ve responded with concern.
The Many Sides of a Turkey
We can use Thanksgiving dinner, and especially the turkey, to see how inflation has affected recent food prices.
Why $52 Million Was a Disappointing Price
Through the price of a 1962 Ferrari GTO, we can see how collectible cars reflect the dynamics of the market.
Why We Should Worry About Our Oreos
Alarm bells have started to ring among lovers of Oreo cookies because it is possible that a very basic ratio is changing.