Posts Tagged ‘monopolistic competition’

  • Gasoline prices add 9/10 at the margin

    Higher Gas Prices

    Jun 5, 11 • 351 Views • No Comments

    How have we responded to higher gas prices? According to a recent study, our first response is to buy a lower grade of gasoline. Drivers, used to premium, opted for regular gasoline instead. However, because we have different “budget baskets,” we...  [read more]

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    V.O.D. Wars

    Sep 27, 10 • 245 Views • No Comments

    Usually, for an average of 120 days, theaters have an exclusive right to show a movie. Then, for about $4.99 we can use video-on-demand to see it on television. It sounds simple but so much more is happening. It all relates to competition. The first step was...  [read more]

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    Starbucks and the Clover

    Sep 15, 10 • 245 Views • No Comments

    I just had a Starbucks grande coffee from their $11,000 Clover coffee machine. It was very good. Because the Clover makes individual cups, Starbucks can let the customer choose the bean. More choice, elite beans, and you have a recipe for higher prices....  [read more]

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    More About Lines

    Aug 13, 10 • 299 Views • 3 Comments

    Next time you are in Starbucks, check how long you stood in line. They care. To save 14 seconds, for example, Starbucks designed a larger ice scoop which baristas could use for one dip instead of 2. Still though, in a “mystery shopper” survey of...  [read more]

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    Green Jeans

    Jul 23, 10 • 263 Views • No Comments

    Reading about a new Eco Index started me thinking about competition. The Eco Index is somewhat comparable to the Energy Star rating created by the EPA in 1992. For appliances, Energy Star ratings convey energy efficiency information. For apparel, the Eco...  [read more]