Last week, I paid $25 for three hours at an NYC parking garage. Others though paid $50 for the same amount of time. We could say that it cost me less. But there is much more to the story. What the Cou…
Amazon’s New Way to Think About Prices
Knowing that Amazon’s list prices will soon disappear from most of their ads, we can ask Nobel laureate Danial Kahneman how they affected us.…
The Surprising Tale of the Mexican Soda Tax
The surprising impact of the Mexican soda tax demonstrated that consumer and supplier responses can be unpredictable.…
Weekly Roundup: From Russian Vodka to Venezuelan Beer
Our weekly roundup includes how economics connected Venezuelan oil and beer, Russian taxes and vodka, Broadway and the $10 bill and moving and jobs.…
Everything We Could Ever Want to Know About Cigarette Taxes
An example of a sin tax, cigarette taxes can create incentives that involve saving lives, increasing revenue, entitlement spending, and smuggling.…
How Healthcare Spending Resembles the Steam Engine
While retail health clinics were supposed to cut healthcare spending, they might be increasing costs because of extra visits caused by their convenience.…
Where Your Price Depends On Your Timing
Dynamic pricing at Amazon, the Indianapolis Zoo and a Dallas toll road displays how price influences buyer and seller behavior.…
Weekly Roundup: From Fast Food Grades to Movie Reviews
Our economic news summary includes inflationary movie reviews, baggage productivity, fast food animal welfare grades, Chinese consumer spending and methane.…
A Fast Food “F”
When animal welfare requires cage-free eggs and antibiotic elimination and no gestation crates, some fast food restaurants cannot accept the tradeoffs.…
Weekly Roundup: From Lost Jobs to Fewer Tips
Posts Roundup Sunday 10.11.15 Why we stick with a brand…more Monday 10.12.15 The many meanings of the minimum wage…more Tuesday 10.13.15 How a drone port solves road problems…more We…