Posts Tagged ‘equilibrium price’

  • Prices convey information.

    Speed Pricing

    Sep 6, 12 • 139 Views • Businesses, Demand, Supply, and Markets, Economic History, Regulation, Thinking Economically, UncategorizedNo Comments

    What does a price tell you? Assume that you were going to purchase a GE Advantium 120 microwave oven on Sunday, August 12. Comparing Sears, Best Buy and Amazon’s sellers at 3 a.m., you would have seen, respectively, $899.99, 809.99 and 744.46. At...

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    Why Do Gas Prices Rise Quickly and Fall Slowly?

    Jun 23, 12 • 111 Views • Behavioral Economics, Businesses, Demand, Supply, and Markets, Thinking Economically, UncategorizedNo 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...

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    Oscar Markets

    Jan 29, 11 • 107 Views • Behavioral Economics, Demand, Supply, and Markets, Financial MarketsNo Comments

    Can a crowd be smarter than an individual? In The Wisdom of Crowds, business columnist James Surowiecki, says “Sometimes, yes.” Starting with a crowd betting on the weight of an ox and ending with the crowd and democracy, Surowiecki looks at...