Posts Tagged ‘incentive’

  • lime demand and supply

    Why Might Salsa Prices Soar?

    Apr 4, 14 • 1747 Views • No Comments

    During the 1970s we did not eat many limes, maybe less than 1/2 a pound each year, and most were from Florida. Now our consumption has tripled and the lime has gone global. Faced with cheap Mexican limes, devastation from Hurricane Andrew in 1992 and a more...  [read more]

  • Starbucks pay-it-forward positive externality

    The Benefits of “Pay-It-Forward”

    Mar 20, 14 • 729 Views • No Comments

    Perhaps a pay-it-forward record, at a Connecticut Starbucks, more than 1,000 people each paid for the person behind them during December 2013. The store manager was on to something when he said, “”We hope that it will continue on, even if it...  [read more]

  • Online shopping and the high frequency returner

    The Unintended Consequences of Free Shipping

    Dec 25, 13 • 468 Views • No Comments

    I just read about an online shopper who ordered 10 pairs of pants from the Gap and then returned 7. Called a high frequency returner, that same consumer told a WSJ reporter that for Christmas, she buys coats and shoes in different sizes and colors for her 4...  [read more]

  • Brooklyn Bridge Tolls and Congestion Pricing

    The Costs and Benefits of Bridge Shopping

    Dec 4, 13 • 406 Views • No Comments

    Are you a bridge shopper? Manhattan is an island. Linked by bridges and tunnels to other NYC boroughs and NJ, it can be expensive to access…or it can be free. It all depends on your route. And therein lies the problem. To enter Manhattan via a free...  [read more]

  • Beer, Incentive and Choice Architecture

    Using Beer as an Incentive

    Nov 22, 13 • 373 Views • No Comments

    Reading about how a group in Amsterdam solved a public disturbance problem, I immediately thought about choice architecture. In Nudge, a Harvard Law Professor, Cass Sunstein, and a University of Chicago economist, Richard Thaler, suggest that choice...  [read more]