When we have air pollution reflecting the abuse of a shared resource then markets response with a privately owned higher quality version.…
Why We Should Like Uber’s Surge Pricing
People who get angry with Uber’s surge pricing should be willing to accept the tradeoff. Without a higher price, the number of drivers would plunge.…
Great Britain’s Sugary Drink Tax
While the UK’s sugary drink tax targets childhood obesity, it could also be creating a host of demand related incentives with unintended consequences.…
The Cost of Free Tuition
Raising college enrollment with free tuition might have unintended consequences that offset the benefits for the economy, businesses and individuals.…
Weekly Roundup: From Calories to Climate
Our economic news summary included climate talks and externalities, “missing women” and Asian marriage markets, seniors’ spending and manufacturing supply.…
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…
A Lesson From a Grapefruit
The Florida citrus industry and especially the grapefruit market have demand and supply problems that incentivize structural adjustment with new crops.…
When Your Ability to Pay Determines Your Punishment
In Finland, for some traffic violations, the rich have higher fines than those with less because of day fines that are similar to progressive taxation.…
Weekly Roundup: From Raisins to BBQ
Our everyday economics includes property rights, sovereign debt, default,, externalities, regulation, Pigovian taxes, incentive, state taxes, and oligopoly.…
Two Reasons For Moving to Alaska
Creating different incentives, the variety among state taxes includes some with no income tax, others with sales taxes and some with severance taxes.…