The Real Reason a Springsteen Ticket is Pricey

Observing all the laws of supply and demand, Broadway ticket revenue is hitting new highs because of scarce theater space and three blockbuster hits,

Why World Series Ticket Prices Are So High

Averaging $3,000 and as high as $18,000 a seat at Wrigley’s Field, World Series ticket prices are soaring for some very logical economic reasons.

Weekly Roundup: From More Grit to Less Sugar

Weekly News Roundup Sunday 05.01.16 Why we need grit…more Monday 05.02.16 A better way to fight poachers…more Tuesday 05.03..16 The tax that Princeton might have to pay…more Wednesday 05.04.16 How our mailmen might change…more Thursday 05.05.16 Mexican soda tax problems…more Friday 05.06.16 A new way…

How Much Will You Pay For the HOT Lane?

The results of dynamic tolling appear to be surprising the Florida Department of Transportation. Alone in your car on Florida’s I-95, you no longer have to remain in slow moving traffic. For a price, you can enter a HOV (High…

Is $3.9 Million the Right Price for a Super Bowl Ad?

In an ad for the (Super Bowl) ad, Stephen Colbert talks about Wonderful Pistachios. http://www.youtube.com/watch?v=oKAG7UJ-NWk Fox said its Super Bowl TV ad inventory (estimated at 65 spots) for the game is sold out. According to Ad Age, that inventory included…

California Consumers and Gas Prices

How might California be responding to $5.00 gas? Let’s start with bread machines. Behavioral economist Dan Ariely explains that when one of the first sellers of bread machines placed it on the shelf, few people were interested because they could…

Green Elasticity

Sales of Nature’s Source Scrubbing Bubbles tub have plunged by 61%. At Stop & Shop, “Eco-friendly” people are switching from Clorox Green Works All-Purpose Cleaner to traditional Fantastic. Why? Because Fantastic is 40 cents cheaper. According to the NY Times,…