Posts Tagged ‘James Hamilton’

  • California Consumers and Gas Prices

    Oct 9, 12 • 361 Views • No Comments

    How might California be responding to $5.00 gas? Let’s start with bread machines. Behavioral economist Dan Ariely explains that when one of the first sellers of bread machines placed it on the shelf, few people were interested because they could not...  [read more]

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    Higher Prices at the Gas Pump

    Aug 22, 12 • 262 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]