While states find it’s tough to predict marijuana tax revenue, they can assume that higher rates will nudge consumers toward black markets.…
The Downside of Vegan Leather
With meat demand going up and leather demand going down, the cowhide industry has a devastating supply and a demand problem.…
Why An Economist Might Like a Restaurant Queue
Because a restaurant queue can help supply and demand, some eating establishments create the signal that it sends to diners.…
The Most Unexpected Market
Like all activities that relate to supply and demand, ransom markets involve predictable behavior from kidnappers, their victims, and negotiators.…
Why Songs Are Shorter
As music industry technology has shifted to streaming, so too have the incentives that are multiplying shorter song tracks.…
How Crickets Are Like The Model T Ford
In addition to hot dogs and nachos, sports fans can nibble on crispy crickets at the Oakland Coliseum. Available in zesty lime or sweet 5-spice, these pouches of crickets were sold during 2018 Athleti…
What We Don’t Know About Online Food Delivery
There is much more to the online food delivery business than aggregating restaurant menus, delivering food, and accepting orders.…
Canada’s Marijuana Supply Problems
Because Canada’s marijuana supply is tightly regulated, government has to base licensing, inspections, and regulations on demand that is tough to project.…
How Your Whisky Can Signal Your Wealth
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.…