Where Mount Everest Economics Take Us

Whether looking at its newfound height, the traffic jams, or the role of Nepal, Mount Everest always takes us to the margin.

The Airline Seat Size Squeeze

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.

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.

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.

Why Albums Are Longer

We are streaming more of our music with the newest albums having as many as 45 tracks. Where are we going? To some marginal thinking. But first, a bit of history… Music Industry Revenue Does anyone remember LP records? In…