With the music industry moving from CDs to streaming, firms like Spotify have created new supply and demand and new incentives for performers and providers.…
Why There is Less Marriage
New attitudes that value marriage less and new economics through which women have more pay and education and men work less have changed marriage markets.…
Impact of the Russian Trade Embargo on Ikea's Swedish Meatballs
Supply and demand explain the impact of the Russian embargo on goods in Russia and on the countries that export items to them like poultry and fish.…
The Message From NFL Ticket Prices
Through the price system, because many consumers and businesses make buying and selling decisions for the same good or service, price conveys information.…
Speed Pricing
What does a price tell you? Assume that you were going to purchase a GE Advantium 120 microwave oven on Sunday, August 12. Comparing Sears, Best Buy and Amazon’s sellers at 3 a.m., you would hav…
Why Do Gas Prices Rise Quickly and Fall Slowly?
At your local gas station, you might be seeing some sticky prices. Although barrels of West Texas Intermediate (WTI) and Brent Crude have steadily gotten cheaper, the price at the pump has had a less …
Oscar Markets
Can a crowd be smarter than an individual? In The Wisdom of Crowds, business columnist James Surowiecki, says “Sometimes, yes.” Starting with a crowd betting on the weight of an ox and end…