The Cities That Innovate the Most

Prosperity is becoming increasingly concentrated as talent attracts talent and highly educated workers are moving to the same innovation centers.

What an Air Quality Index Really Measures

While the Air Quality Index (AQI) is a pollution yardstick, it also can signal if we are controlling the tragedy of the commons.

Why Traffic Jams Are Spreading

During my frequent drives to Manhattan, traffic congestion is worse than ever. The reason could be Uber and Lyft. This is the story. San Francisco Congestion Let’s start with congestion. Like the Supreme Court quote on pornography (“…I know it…

Houston’s Super Bowl Cost

Even knowing that Super Bowl cost is usually underestimated, Houston could enjoy more than the typical benefit this year.

Soda Tax Election Results

Some of us call it soda, others, pop. And even when referring to a drink that is not Coca-Cola, a third group says Coke. The following 2015 map shows where you would say “Pop” and why I say “Soda” in New…

The Difference Between a Living Wage and a Minimum Wage

Comparing a living wage with the minimum wage, a group at MIT demonstrate how much more low income families need to earn to afford their necessities.

When Cities Ban Chain Stores

Relating to prices, a local multiplier and vacancies, there are tradeoffs if municipalities change the competitive market structure by banning chain stores.

The Seven Ways We Pay For Free Parking

Including congestion, wasted gas, time and emissions, cheap parking creates negative externalities that variable pricing of parking spaces can eliminate.

Dilemmas From the “Sharing Economy”

Today’s story is specifically about Airbnb. More generally though, it involves whether government or the market system should regulate the “sharing economy.” But first–Craigslist and the Sharing Economy from xkcd: An apartment owner in Astoria, Queens (a subway ride from…

The Market System: Parking Ideas

Sort of like lunch, there is no such thing as a free parking space. It costs us dollars or time. Hoping to optimize so valuable a commodity, some cities are installing parking devices that use demand and supply to price…