When the Netherlands pays for a mother’s first week at home after child birth, we get a message about their healthcare coverage.…
Why a Pasta Pass is About More Than Spaghetti
Selling 21,000 seven week pasta passes, Olive Garden’s never ending pasta promotion is providing unlimited carbs with a hefty serving of economics.…
What the Duck Curve Says About Renewable Energy
Illustrated by the Duck Curve, we have renewable energy problems because solar and wind power need a dependable alternative for the evening’s peak usage.…
Weekly News Roundup
Our weekly news roundup includes Starbucks Rewards and marginal thinking, the opportunity cost of housework, and how clothing affects human capital.…
Weekly Roundup: From the Diner’s Dilemma to Lost Labor
This week’s economic news summary includes the diner’s dilemma and marginal analysis, property rights in outer space, the Phillip’s Curve and unemployment.…
The Diner’s Dilemma: Should You Divide the Check Equally With Friends?
Like the tragedy of the commons, splitting a bill among friends at a restaurant involves an individual’s marginal benefit and the group’s marginal cost.…
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…
Tipping Decisions
Phasing in a no-tipping policy, Danny Meyer will eliminate tipping decisions, raise prices, change server pay and increase what the kitchen staff earns.…
Weekly Roundup: From Robot Servers to Shrimp Farmers
Our everyday economics includes wages, externalities, productivity, income, tradeoff, taxes, fiscal policy, gender, human capital and comparative advantage.…
Why Ronald McRobot Will Soon Serve Us
A minimum wage hike causes labor intensive fast food restaurants to exit the market, capital intensive restaurants to enter and the number of jobs to drop.…