Posts Tagged ‘equilibrium’

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    The Afghan Votes Market

    Sep 19, 10 • 139 Views • Demand, Supply, and Markets, Developing EconomiesNo Comments

    In Kunduz Province, the price of a vote was $15 while in Kandahar, it was closer to $1.  Do we have a market? Just like shoes or shirts, it appears that the price of an Afghan vote was determined by demand and supply. For the Afghan election, according

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

    A Demand and Supply Lesson

    May 17, 10 • 155 Views • Businesses, Demand, Supply, and MarketsNo 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

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    Hot Wing Markets

    Mar 29, 10 • 151 Views • Businesses, Demand, Supply, and MarketsNo 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

  • A Bag Tax

    Jan 27, 10 • 199 Views • Behavioral Economics, Businesses, Demand, Supply, and Markets, Developing Economies, Economic Humor, Government, Regulation, Thinking EconomicallyNo Comments

    Washington, D.C. got a bag tax on January 1. Now, any store that sells food (even a book store that sells mints) has to charge its customers $.05 for every bag they use (not just for the food but everything!). The results… 1. One Safeway reported using

  • An Imbalance in the Marriage Market

    Jan 15, 10 • 162 Views • Thinking EconomicallyNo Comments

    Recent articles about skewed birth rates in China indicate 119 (and more) males are born for every 100 females. Discussing the imbalance, most commentary focused on marriage and how tough finding a wife will become.