Shown by a Christie’s auction this week of an an Andy Warhol Marilyn Monroe silkscreen, pricing a painting can be unpredictable.
A behavioral economist can explain why a pricing strategy can become a legend when it relates to a bread making machine.
The airlines need to solve airfare pricing problems because their algorithms depend on historic data that is no longer relevant.
#TBT: For some economic history and a bit of fun, we can look at Apple 1984, the Sock Puppet, and other past Super Bowl ads.
Hubbert’s Peak is the highest point on an oil well’s bell curve. Because the downside comes next, it represents the beginning of the end of our oil supply. And just the beginning of our story… Peak Oil Supply M. King…
This week’s economic news summary includes Apple’s corporate taxes, Santa’s GDP connection, seasonal spending, the gender gap and the brain and shopping.
This week’s economic news summary included China’s cloned cows, turkey facts and productivity,food lawsuits and limited liability and economic development.
With shortages of basic necessities, price controls, lack of foreign exchange and rising prices, Venezuela’s inflation rate is soaring.
New US ivory regulations have had unintended consequences. During November 2013, the US government “pulverized” nearly 6 tons of elephant ivory from Asia and Africa. Intending to send a message to elephant poachers, the Fish and Wildlife Service destroyed ivory that…