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.…
The Lid on the Pot Industry
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.…