Lifestyle

  • Starbucks pay-it-forward positive externality

    (Not So) Dumb Starbucks

    Feb 15, 14 • 550 Views • No Comments

    At New York’s 2nd Ave Deli, you can order the Instant Heart Attack and/or the Triple Bypass Sandwich. Listed on the menu like this (below), the sandwiches are trademarked. When the 2nd Ave. Deli trademarked its heart attack sandwiches, they consulted a...  [read more]

  • Snowbound cars Property Rights for Shoveling

    Winter Dibs: The Reasons That Shoveling Makes That Parking Space Yours

    Feb 14, 14 • 605 Views • No Comments

    If you’ve shoveled your car out of a snow mound, is that parking space yours? Called “winter dibs” in Boston and Chicago, the answer is, “yes.” You just leave a chair, a pot or some item to reserve the space when you are not...  [read more]

  • drought marginal cost

    The Cost of Conservation

    Feb 12, 14 • 444 Views • No Comments

    By Madeleine Vance, guest blogger and student at Kent Place School. Saving water is supposed to allow us to cut down costs. For the drought-stricken city of Wichita Falls in Texas, this is not the case.  In 2013, Wichita Falls’s total rainfall was 33...  [read more]

  • Sochi Winter Tome Change 2014 Olympics

    Changing Times at Sochi

    Feb 8, 14 • 463 Views • No Comments

    At Sochi, (the right) time will be money. But when the International Olympic Committee asked for a time change, Russia refused. Saying it would cost them more than $300 million to switch to “Winter Time,” the Russian organizing committee explained...  [read more]

  • Noise Pollution and Negative Externalities

    1930s Noise Pollution

    Feb 5, 14 • 920 Views • No Comments

    In 1932, the NYC Noise Abatement Commission received a letter from Mr. N. Schmuck of 137 Milton Street in Brooklyn about the noise from a nearby pickle factory. Other 1930s noise complaints included early morning ice deliveries, “ear splitting shrieks...  [read more]