Posts Tagged ‘opportunity cost’

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

    Affordable (Cambodian) Health Care

    Jun 16, 12 • 406 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]

  • PNC Wealth Management Measures Inflation With Its Christmas Price Index

    Was That Birthday Card Really Free?

    Jun 11, 12 • 416 Views • No Comments

    Have you ever been delighted that you got something for free? I was until I read “the cost of zero cost” in Dan Ariely’s book, Predictably Irrational. My story begins at a Papyrus store in NYC. About to pay for several birthday cards, the......  [read more]

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    Super Sized Sodas

    Jun 3, 12 • 436 Views • No Comments

    Given a huge tub of stale popcorn, people eat it. In a 2005 study, when 158 Philadelphia moviegoers received either 14-day old or freshly popped popcorn in a huge tub or a medium size container, those with the big bucket ate more. A lot more… 33% extra......  [read more]

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    You’ve Got Mail?

    May 19, 12 • 735 Views • No Comments

    During dinner this evening, my friend said that she loves her local post office. A very small branch in a teeny building, they know her name, her needs, and are a neighborhood institution. But, is it worth $1 billion a month? During the first 3 months of......  [read more]

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    The New Economics of Marriage

    May 17, 12 • 575 Views • No Comments

    When North Carolina’s voters rejected same sex marriage, they were not thinking economically. Traditionally, marriage has been about specialization. With the husband in the labor force and the wife at home, their division of labor resembled a small......  [read more]