Posts Tagged ‘competitive market structure’

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    Changing Times

    Jun 26, 11 • 119 Views • Businesses, Demand, Supply, and Markets, Economic History, Innovation, Thinking EconomicallyNo Comments

    Not so long ago, the NY Times depended on ads, help wanted, real estate revenue. Now we have craigslist and monster.com. An Op-Ed Column could be read only on the Op-Ed page. Now, anyone can copy and share an article. And, in those multiple newspaper holders...

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    Airline Fees

    Jun 25, 11 • 225 Views • Businesses, Demand, Supply, and Markets, Financial Markets, Government, Households, Labor, Money and Monetary PolicyNo Comments

    Weigh baggage, tag it, and place it on the conveyor belt. No you are not an airline employee. You are flying the Australian Airline, Jetstar. Any human interaction will cost you. A question about your baggage? $10. Soon, all U.S. air carriers will be required...

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    Higher Gas Prices

    Jun 5, 11 • 142 Views • Behavioral Economics, Businesses, Demand, Supply, and Markets, Thinking EconomicallyNo Comments

    How have we responded to higher gas prices? According to a recent study, our first response is to buy a lower grade of gasoline. Drivers, used to premium, opted for regular gasoline instead. However, because we have different “budget baskets,” we...

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    Pricing Airline Tickets

    Aug 27, 10 • 112 Views • Businesses, Demand, Supply, and Markets, Economic HistoryNo Comments

    During the 1970s, a ticket to fly between New York and Washington, D.C. cost $50 whereas one between Los Angeles and San Francisco-almost twice the distance-cost only $40.  Why? Before deregulation in 1978, the interstate airline industry was...

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    Starbucks or McDonald’s?

    Jun 10, 10 • 1011 Views • Behavioral Economics, BusinessesNo Comments

    A recent Pew Research Center survey asked 2260 adults whether they would, “prefer to live in a place with more McDonald’s or more Starbucks.” 43% said McDonald’s; 35% said Starbucks; 22% had no preference. According to the study, a key...