Posts Tagged ‘demand’

  • 15896_9.19_000006283447XSmall

    The Afghan Votes Market

    Sep 19, 10 • 420 Views • No Comments

    In Kunduz Province, the price of a vote was $15 while in Kandahar, it was closer to $1.  Do we have a market? Just like shoes or shirts, it appears that the price of an Afghan vote was determined by demand and supply. For the Afghan election, according......  [read more]

  • 15875_7.8_000000061495XSmall

    The Housing Dilemma

    Sep 9, 10 • 677 Views • 5 Comments

    Is it time for shock therapy? Since the housing bubble popped, from tax credits to mortgage modification programs, government has tried to support housing prices. The goal was to provide support and diminish foreclosures until the market stabilized. With......  [read more]

  • 15873_9.8_000006388635XSmall

    Kidney Markets?

    Sep 8, 10 • 980 Views • 3 Comments

    What should we be able to buy and sell? Alcohol? Land? People? Body Parts? In a Teaching Company lecture on organ transplants, Wake Forest economist Robert Whaples says that the answers depend on the market’s boundaries. And, he soon adds, those......  [read more]

  • 15655_5.20_000009041242XSmall

    Lessons for a Rainy Day

    May 20, 10 • 413 Views • No Comments

    Last Tuesday was a bad day for most umbrellas. In New York City, it poured, it was windy, and most umbrellas were flipping out, blowing sidewards, and doing everything except what they were supposed to do.  It makes sense that someone should have......  [read more]

  • Marijuana legalization is about demand, supply, market structure and cost benefit analysis.

    A Demand and Supply Lesson

    May 17, 10 • 542 Views • No Comments

    A recent NPR report on the changing status of marijuana in California is also a supply and demand story. The story begins in 1983 when the Reagan administration sought to decimate pot production in California. As a result, supply would have decreased because......  [read more]