How the Power of the Market Makes Airline Passengers Happy

When airlines overbook flights, they just need to recognize the power of the market and pay passengers high enough prices (vouchers) for their seats.

The Story of a Very Expensive Signature

Since Button Gwinnett left behind few letters and documents, supply and demand made them valuable to collectors of Declaration of Independence Signers sets.

Pricey Pigeons

At the Paradise Pigeon auction in Belgium, a Dutch breeder sold a female pigeon to a Chinese shipbuilder for $328,000. Purchased to breed rather than race, Dolce Vita (the bird) will enable Hu Zhen Yu, also the owner of a…