The pandemic has created the incentive to recycle more (cheesy) pizza boxes because we are recycling less office paper.
While states find it’s tough to predict marijuana tax revenue, they can assume that higher rates will nudge consumers toward black markets.
When coffee drinkers hear that some prices at Starbucks will rise, their response will depend how how elastic their demand is.
Our everyday economics includes wages, externalities, productivity, income, tradeoff, taxes, fiscal policy, gender, human capital and comparative advantage.
Because the externalities created by free shipping include the need to cut costs, Bubble Wrap will need to be replaced by cheaper protective packaging.
Deciding whether they want revenue, prohibition or smuggling, lawmakers have to decide how high to make sin taxes on items like cigarettes.
While movie ticket sales are down, box office revenue is up. NATO, the National Organization of Theater Owners (not the North Atlantic Treaty Organization), says that between 2004 and 2013, movie ticket sales declined by 11% but box office revenue went…