When one bottle of single malt Macallan whisky sells for more than $1 million, we can ask if it was superior taste or some other reason.…
The Problem With Free Pizza
Not knowing what behavioral economists say about “zero,” the Russian Domino’s was surprised by the response to a free pizza promotion.…
Why You Might Want Some “Price Gouging”
Called “price gouging” by many of us, an increase in prices as a hurricane approaches could be a productive incentive for supply and demand.…
Why Oregon Grows Too Much Marijuana (But Not Colorado)
Demonstrating how the right government regulations can make a huge difference, Oregon has marijuana supply problems but not Colorado.…
Why We Need Speedy Connections
Looking back at the impact of the telegraph on cotton markets, you can see why a speedy internet affects supply and demand.…
Awakening the Mattress Industry
Disrupting traditionally sleepy mattress markets, now we can buy beds-in-a-box online and visit countless mattress stores at local malls.…
Why Superstar Salaries Are So High
Seeing that LeBron James has a four-year $154 million deal, we can ask what makes superstar salaries for athletes so high.…
Everything You Need To Know About the Avocado
From needing a new name to making California growers happy, boosting avocado consumption has been about overcoming obstacles.…
When a Tesla Price Tells Us All We Need To Know
Just by looking at a $35,000 Tesla price, we can decide if Elon Musk is creating luxury vehicles or cars for the masses.…
What Unexpected Markets Are Saying About the Royal Wedding
Frequently more accurate than individuals, markets can determine prices and even tell us what will happen at a royal wedding.…