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 …