Posts Tagged ‘law of demand’

  • Price Elasticity, dynamic pricing and traffic congestion

    How Much Will You Pay For the HOT Lane?

    Mar 7, 14 • 524 Views • No Comments

    The results of dynamic tolling appear to be surprising the Florida Department of Transportation. Alone in your car on Florida’s I-95, you no longer have to remain in slow moving traffic. For a price, you can enter a HOV (High Occupancy Vehicle) lane...  [read more]

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    Subsidies: The Cost of Cheap Gas

    Apr 13, 13 • 1351 Views • No Comments

    Sort of like lunch and parking, there is no such thing as free gas. Lunch? Even when someone else takes the check, you have sacrificed time or a future payback to that person. Parking? Time spent looking for a space and unproductive use of valuable urban real...  [read more]

  • Peanut prices respond to demand and supply

    Peanut Butter Economics

    Oct 20, 12 • 287 Views • No Comments

    Last year, we had a peanut shortage. As a result, Skippy raised its prices and Smucker’s removed its reduced-fat creamy peanut butter spread from supermarket shelves. But now, supply has responded. Predicting a record year, the USDA says the peanut...  [read more]

  • gasoline...nozzle..gas pump..15483_iStock_000006386775XSmall

    Gas Tax or CAFE?

    Sep 22, 12 • 306 Views • 1 Comment

    The goal is energy conservation. But what is the best way? During the end of August, our newest fuel economy standards were announced. Now CAFE, our Corporate Average Fuel Economy mandate, is close to 29 miles per gallon. The goal is 35.5 for 2016 and 54.5...  [read more]

  • Industries afflicted with Baumol's Disease have slower productivity growth.

    Affordable (Cambodian) Health Care

    Jun 16, 12 • 240 Views • No Comments

    A village in Cambodia had problems with affordable health care but they found a solution. Traditionally,  if someone got sick, the gods had to be appeased with an offering that might include a buffalo, a cow, some bananas, incense, rice wine, a chicken. It...  [read more]