Our everyday economics include consumption expenditures, Pigovian taxes, variable pricing,economies of scale, unskilled labor, national income and the money supply.…
The Seven Ways We Pay For Free Parking
Including congestion, wasted gas, time and emissions, cheap parking creates negative externalities that variable pricing of parking spaces can eliminate.…
How High Can a Taxi Fare Go?
Tough to get in rain, ice or snow, NYC cabs never seem to be around when I need them. That is what makes Uber such a great story. First used in San Francisco, the idea behind Uber was to make more rid…
The Market System: Parking Ideas
Sort of like lunch, there is no such thing as a free parking space. It costs us dollars or time. Hoping to optimize so valuable a commodity, some cities are installing parking devices that use demand …
Movie Tickets
Should you pay more to see a blockbuster film during the Christmas holidays when movie going peaks? Less for an obscure foreign film? More on Saturday and at 7 pm? Less on Tuesday and 11 am? The issue…
Restaurant Economics
For a new restaurant in Chicago, Next, no one is sitting at the phone taking reservations. Instead, online, you can buy a ticket for a table seating 2 or 4 (not 3 or 5). According to Chicago Magazine,…