It’s easy to assume that the toilet paper shortage in the U.S. is caused by panic buying and hoarding but there really might be a supply problem.
Whereas toilet paper shortages have been in the news, the headlines could also have included surging egg demand, especially in Israel.
When Hermes combined very high prices with limited availability for its Birkin bags, it not only generated conspicuous consumption but also a problem.
Through its fashion weeks, its factories, and its stores, the fashion industry is suffering from the impact of the coronavirus.
Rather than gouging or profiteering, higher prices are best described as the incentives we need to boost the world’s face mask supply.
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.
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 instead they said “Cool To Do Drugs.” When…
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 proportion of the higher education population. At…