While the 2020 Nobel Economics Prize recipients will receive a cash prize for their auction research, other perks can be unexpected.
Global lockdowns have created supply problems for Belgian French fries and French cheese because households cannot make up for decreased commercial demand.
The firms that produce craft beer and the farmers that grow Idaho potatoes have somewhat similar pandemic supply problems.
Whereas toilet paper shortages have been in the news, the headlines could also have included surging egg demand, especially in Israel.
First there was the Great Necco Wafer Panic of 2018 and now we have a Valentine’s Day candy shortage of the conversation hearts that are a national favorite.
Remembering Hurricane Katrina and the decisions one isolated medical staff had to make for patients, a group in Maryland has recommended triage tradeoffs.
Creating a run on potato chips, Japan’s potato crisis is a classic supply and demand story that starts in the field and ends in the store.
Depending on its location, a supermarket’s grocery shelf space can have a high or low value that will determine its product placement.
As much as ethics and healthcare, the triage during emergencies like Katrina is about cost, benefit and economic tradeoffs.
Assume for a moment that you have just rented a 4th floor walk-up apartment for $3000 with 2 friends. One bedroom is mid-sized and near a fire escape, the second is rather large and has a view of a magnificent…