As business closings multiply, redeploying food from restaurants to supermarket consumers has required changes along the supply chain.…
The Pricey Purse That Created a Problem
When Hermes combined very high prices with limited availability for its Birkin bags, it not only generated conspicuous consumption but also a problem.…
Where Fashion Is Suffering From the Coronavirus
Through its fashion weeks, its factories, and its stores, the fashion industry is suffering from the impact of the coronavirus.…
Why We Want Higher Face Mask Prices
Rather than gouging or profiteering, higher prices are best described as the incentives we need to boost the world’s face mask supply.…
The Big French Fry Crunch
Because of bad weather in parts of Canada and the major U.S. growing states, we could have a potato shortage that creates a French fry crunch.…
Why Romaine Lettuce is Like a 737 Max
In 1998, a batch of pencils had to be recalled. Destined for grade school classes, the pencils said “Too Cool To Do Drugs.” Problems developed when the kids sharpened the pencils and inste…
What Uber Can Teach Us About Tips
Looking at 40 million trips, researchers concluded that Uber’s tips can be surprising because of the rider characteristics that determine how much.…
How a Common Application Affected College Admissions
At highly selective schools, 2019 college admission rates were pretty low: Harvard: 4.5% Yale: 5.91% Stanford: 4.3% in 2018 (They are no longer releasing the number.) But we are looking at a tiny prop…
Why World Series Ticket Prices Are Soaring
Because baseball fans from Washington D.C. have waited 86 years for their team to reach the top, their World Series ticket prices are soaring.…
All You Need To Know About An Egg Glut
To explain what has been called an egg glut, we can look at egg laying hens, at the changing number of eggs they produce, and at our egg consumption.…