Posts Tagged ‘demand’

  • sports stadiums and money

    Sports Walks

    Aug 31, 12 • 390 Views • 1 Comment

    Whenever I go to a Philly’s baseball game, the walk from the car to my seat takes awhile. Located in a “stand alone” sports complex off of Route 95, the stadium is one of several and the parking lots extend for acres. I’ve discovered...  [read more]

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    Higher Prices at the Gas Pump

    Aug 22, 12 • 251 Views • No Comments

    Sometimes 25 cents at the gas pump can make a huge difference. Economist James Hamilton explains why with his “rough rule-of thumb” correlation between the price of crude and gas at the pump. When crude increases by $10 a barrel, then the price of...  [read more]

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    Lobster Economics

    Jul 24, 12 • 359 Views • No Comments

    The year is 2008. Icelandic banks crash. Canadian lobster processors lose their financing. The result? Demand from Canadian processors for Maine’s lobster harvest decreases. Meanwhile, on the supply side, the lobster population is soaring. Conservation...  [read more]

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    Why Do Gas Prices Rise Quickly and Fall Slowly?

    Jun 23, 12 • 210 Views • No Comments

    At your local gas station, you might be seeing some sticky prices. Although barrels of West Texas Intermediate (WTI) and Brent Crude have steadily gotten cheaper, the price at the pump has had a less steep downward trajectory. One economic study observed...  [read more]

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    Manufacturing and the Market System

    May 30, 12 • 201 Views • No Comments

    Adam Smith might look at recent increases in manufacturing and say, “The market works.” Here are some stories. One furniture manufacturer decided it could make consumers happier by moving back from China. Yes, it would mean paying a sander $10 an...  [read more]