Why an Airline Seat Is Like a Hotel Room and a Disney Ride

Looking at extra fees, we can say that airline seats, hotel rooms, and Disney World rides are somewhat similar.

New York’s Marijuana Worries

With New Jersey legalizing recreational marijuana, New York State is worried that it will get marijuana tax revenue from New York pot buyers.

How Much We Care About Gasoline Prices

Since one state’s gasoline prices could be double what people pay in another state, we can ask if the price affects how much we purchase.

Will We Really Pay More to be Green?

Although many of us express a willingness to pay more for green products, a close look reveals that price can still have a big impact on our decision.

What Do Coca-Cola and Reese’s Peanut Butter Cups Have in Common?

Reese’s Peanut Butter Cups and Coca-Cola are just two examples of higher consumer prices because transport and ingredient costs have gone up.

The Reasons That Airlines Boost Fees Rather than Fares

When the rising price of fuel boosts airlines’ costs, they can buoy their bottom line by increasing optional and barely noticeable fees or raising fares.

The Unintended Consequences of Airline Taxes

When government increases airline taxes and fees, it can create unintended consequences for travelers who blame the airlines for fare hikes.

How Price Affects Avocado Eaters

There is considerable evidence that we have what Bloomberg calls an “avocado addiction.” In Brooklyn, you can eat at Avocaderia, the world’s first avocado bar (according to their website). The Food Network has a recipe for avocado pie. And Square…

An Elasticity Story: Stretching to Buy Hamilton Tickets

To understand the high prices supported by Hamilton ticket demand, we can look at the elasticity from four groups of theater goers.

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.