Posts Tagged ‘markets’

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    Can More Be Less?

    Apr 25, 10 • 199 Views • Behavioral Economics, Demand, Supply, and Markets, RegulationNo Comments

    At Starbucks, no one orders just a regular coffee, at the Gap, we look at easy fit or relaxed or straight leg, and when selecting health insurance, we think about deductibles and prescription drug coverage. Everywhere we have many choices. One experiment in a

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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 Macro-difference With Micro-insurance

    Jan 24, 10 • 158 Views • Thinking EconomicallyNo Comments

    Listening to a recent segment of Marketplace.org (1/15.2010), I heard about microinsurance. The concept sounds like win/win for everyone. With more resilient structures, Haitians can purchase microinsurance policies that cost $1 to $2 a day. Correspondingly,

  • Who Should Get A Kidney?

    Dec 23, 09 • 182 Views • Behavioral Economics, Demand, Supply, and Markets, Households, Regulation, Thinking EconomicallyNo Comments

    Some say that it is unethical to pay someone for a kidney while others say it is unethical to use a method (a government list) that makes fewer donor organs available. As always, choosing is refusing. The debate continues in a recent NY Times article: