Posts Tagged ‘cost benefit analysis’

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    Giving and Getting Gifts

    Nov 29, 10 • 115 Views • Behavioral Economics, Demand, Supply, and Markets, Economic Thinkers, Households, Thinking EconomicallyNo Comments

    With the holiday season beginning, we should consider the economics of gift giving. Let’s start with University of Pennsylvania Professor Joel Waldfogel who focused on receiving gifts. Then, through Duke’s Dan Ariely, we can look at how to give...

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    The Price System: Pelicans, Professors, and Murders

    Oct 26, 10 • 149 Views • Demand, Supply, and Markets, Environment, Thinking EconomicallyNo Comments

    Is a pelican worth $500? What is the value of a college professor? What does a murder cost us? Sometimes it’s tough to get a price. We know that BP owes money for wildlife lost on devastated wetlands. But how much? USA Today tells us that 2263...

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    A One-Handed Economist?

    Mar 20, 10 • 115 Views • Economic History, Financial Markets, Innovation, Regulation, Thinking EconomicallyNo Comments

    Let’s not look at CDOs, SIVs, ARMs, TIPs or ATMs. Nor do we need specifically to consider credit default swaps, securitization, hedge funds or venture capital. Instead, we can go to the question that Robert Litan asks at the end of his 47 page Brookings...