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.

Is Colorado’s Marijuana Tax Too High?

Colorado has a nasal ranger. Concerned with the increasing odor of marijuana in the streets now that its recreational purchase is legal, Colorado has made it possible to quantify the smell. Last year, between January and September, 11 of Denver’s…