Posts Tagged ‘markets’

  • Everyday economics and competing through monopolistic competition, restaurants use menu language to signal status.

    Linguiça, Linguine & Linguistics

    Sep 17, 14 • 163 Views • No Comments

    Because restaurants engaging in monopolistic competition need to differentiate themselves, they use their menu language to show their high or low price qualities....  [read more]

  • elephant poaching demand and supply

    The Unintended Consequences of Banning Ivory Sales

    Mar 22, 14 • 300 Views • No Comments

    New US ivory regulations have had unintended consequences. During November 2013, the US government “pulverized” nearly 6 tons of elephant ivory from Asia and Africa. Intending to send a message to elephant poachers, the Fish and Wildlife Service...  [read more]

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    Nobel Matchmakers

    Oct 17, 12 • 343 Views • No Comments

    One of the first calls a new Nobel Prize winner might get is from Adam Smith, editor of NobelPrize.org. As you might expect, hearing his name, people initially wonder if the call is for real. Usually Mr. Smith does a quick interview and sometimes, if the...  [read more]

  • 16906_pigeon.2.3_000014088080XSmall

    Pricey Pigeons

    Feb 3, 12 • 284 Views • No Comments

    At the Paradise Pigeon auction in Belgium, a Dutch breeder sold a female pigeon to a Chinese shipbuilder for $328,000. Purchased to breed rather than race, Dolce Vita (the bird) will enable Hu Zhen Yu, also the owner of a pigeon racing group, to elevate China...  [read more]

  • Organ Markets

    Dec 8, 11 • 266 Views • No Comments

    When a San Francisco court said that certain bone marrow donors could be paid, they did not have to focus on medicine. Instead, the 3 judge panel could have discussed the market. The court said it was all about new technology that made bone marrow donation...  [read more]