Posts Tagged ‘demand’

  • How much should cities plan for the storm of the century?

    Hurricane Sandy Stories

    Nov 6, 12 • 381 Views • No Comments

    Just some notes today about close-to-home Hurricane Sandy economics. Trees: Walking down my NJ street, I stopped to talk with 2 gentleman in a truck from Gainesville, Florida. They said they did tree work and had driven the 1000 miles to look for business....  [read more]

  • Halloween and Charitable Giving

    Halloween and That “Warm Glow”

    Nov 4, 12 • 523 Views • No Comments

    With NJ kids trick or treating on November 5 because of Hurricane Sandy, they still have time to look at the Zillow Halloween Index. Zillow, the housing website, tells us that the biggest candy hauls come from more affluent neighborhoods that are somewhat...  [read more]

  • Gasoline prices add 9/10 at the margin

    A New Name for Price Gouging

    Nov 2, 12 • 358 Views • No Comments

    Yesterday, a friend of mine waited on a gas line for 3 hours to fill his tank. The price was close to normal but the line was not. Hearing about gas lines, I remembered when Boston’s water supply was temporarily undrinkable several years ago and...  [read more]

  • Big Macs and Currency Manipulators

    Oct 24, 12 • 364 Views • No Comments

    In China, a Big Mac costs close to the equivalent of $2.44. That same burger in the US is $4.20. The basic idea is PPP, purchasing power parity. The dollar can buy more when the yuan is undervalued. And President Obama and Governor Romney have both indicated...  [read more]

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    Nobel Matchmakers

    Oct 17, 12 • 401 Views • No Comments

    One of the first calls a new Nobel Prize winner might get is from Adam Smith, editor of NobelPrize.org. As you might expect, hearing his name, people initially wonder if the call is for real. Usually Mr. Smith does a quick interview and sometimes, if the...  [read more]