Posts Tagged ‘demand’

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

    A Demand and Supply Lesson

    May 17, 10 • 588 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]

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    A Water Dilemma

    May 8, 10 • 538 Views • No Comments

    Last week, the Boston area had undrinkable water for several days. Predictably, bottled water sales soared as did bottled water prices in certain stores.  Equally predictably, politicians condemned the increases. Most economists, though, disagreed.......  [read more]

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    Hot Wing Markets

    Mar 29, 10 • 507 Views • No Comments

    Opening on April 1 in NYC, the Exchange Bar & Grill has food and drink prices that respond instantaneously to demand.  As described in a Reuters article, if everyone wants hot wings, then, in $.25 increments, the price increases; if no one wants......  [read more]

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    Random Recession Notes

    Mar 23, 10 • 477 Views • No Comments

    The impact of a recession might not be entirely what we expect. A recent study from the University of Ottawa suggests that we sleep more during a recession. Canadians slept two hours and 34 minutes more per week. Hypothesizing that it makes people happier, a......  [read more]

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    Frugal Fatigue?

    Mar 21, 10 • 628 Views • No Comments

    Some of us are suffering from frugal fatigue. According to a New York psychologist, symptoms could include anxiety, fear, depression, and even the common cold. The cause is stress from watchful, recessionary budgeting which for certain people is no longer as......  [read more]