Posts Tagged ‘demand’

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    Behavioral Economics: Menu Incentives

    May 12, 13 • 2034 Views • No Comments

    In economics, sometimes psychology comes in handy… If you were creating a wine list for a restaurant, which order would you select: Alphabetize everything. By price, start with the cheapest bottles. By price, start with the most expensive bottles. Group......  [read more]

  • Is It Better to Outsource or Insource T-shirts?

    Supply and Demand: Who Responds to Fair Labor Practices?

    May 10, 13 • 1669 Views • No Comments

    The Bangladesh building collapse tragedy led me to 3 types of news articles. I wonder what the impact is when you combine them. Please let me know your opinion. 1. Suppliers: Low Cost The cost attraction of Bangladesh has been tough to resist. At $40 a month,......  [read more]

  • Nutella Open Jar

    Demand and Supply: A Columbia Dining Hall

    Mar 9, 13 • 2981 Views • No Comments

    The Nutella-gate crisis at Columbia University is classic demand and supply. First the facts… A “creamier-than-peanut-butter, chocolate hazelnut spread from Italy, …” Nutella had been served in crepes on weekends at Columbia’s......  [read more]

  • Dynamic Pricing for Tickets Displays the Power of Prices

    Big Ten Tickets

    Dec 9, 12 • 725 Views • No Comments

    For $75 you can see all 9 Big Ten Conference basketball games…Maybe. Here’s the story. If you buy a Golden Ticket online from the Minnesota Golden Gophers, you can attend up to 9 Big Ten games but only if Minnesota wins every time you attend. If......  [read more]

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

    An Economic High?

    Nov 25, 12 • 1161 Views • No Comments

    On November 6, Colorado voters resoundingly agreed that recreational use of marijuana would become legal. However, as Colorado Governor John Hickenlooper said, “…federal law still says marijuana is an illegal drug so don’t break out the Cheetos or......  [read more]