Because tipping behavior reflects a social norm, many of us know the amount we are supposed to leave but we don’t necessarily do it.…
The Huge Impact of a Rather Irritating Invention
While the cost of free parking in New York City is rather huge, it can be offset by what was a seemingly insignificant and irritating innovation.…
Why Labor Unions Are Worried About Free Riders
With union membership declining, organized labor is worried about a Supreme Court decision on who has to pay an agency/fair share fee.…
Weekly Roundup: From Slow Mommy Tracks to Fast Wall Street Traders
Our weekly economics news summary included the yuan and foreign exchange, Google and branding, parental leave and incentives, and choosing your own price.…
The Restaurant That Lets You Pay What You Want
When “pay what you want” is used to determine restaurant prices, it creates incentives for consumers on the demand side that typically eliminates profit.…
A Renewing My License Story
Seeing government’s inefficiencies through a driver’s license renewal process reminds us to recognize the tradeoffs from creating public goods and services.…
Positive Externalities: CutThroat Capitalism?
Having just enjoyed several weeks in Paris, a friend of mine returned to the US with huge applause for the French health care system. Several days later, she was delighted to see Robert Frank’s …