Posts Tagged ‘price’

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    The Oreo Centennial

    Dec 28, 11 • 1004 Views • No Comments

    Next year, we can celebrate Oreo’s 100th birthday. First sold in 1912, Oreos have been priced at: 1922: 32 cents/lb. 1934: 27 cents/lb. 1960: 45 cents/lb. 1991: $2.39/lb. 2008: $4.29/18oz. 2011: $4.29/16.6oz. Amazingly, according to the Bureau of Labor......  [read more]

  • Peanut prices respond to demand and supply

    Peanuts or Cotton?

    Oct 12, 11 • 667 Views • No Comments

    Farmers decided to plant fewer peanuts when cotton prices soared. The result? Now peanut prices are skyrocketing. Here is the story. Perhaps it all began with higher cotton prices. Responding, peanut farmers switched some acreage to cotton. Combine that......  [read more]

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    The Value of a Price Tag

    Jan 8, 11 • 560 Views • No Comments

    Asking, “Do More Expensive Wines Taste Better?” a group of researchers decided to find out. They described the results of their study in a working paper for the American Association of Wine Economists (AAWE). The researchers introduced their paper......  [read more]

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    The Afghan Votes Market

    Sep 19, 10 • 649 Views • No Comments

    In Kunduz Province, the price of a vote was $15 while in Kandahar, it was closer to $1.  Do we have a market? Just like shoes or shirts, it appears that the price of an Afghan vote was determined by demand and supply. For the Afghan election, according......  [read more]

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    The Locavore Challenge

    Aug 24, 10 • 711 Views • 1 Comment

    Being a locavore is not always easy but it can feel very good. Those of us who are locavores believe that we are helping the planet by saving on transport costs and emissions, patronizing small businesses rather than distant impersonal corporate giants, and......  [read more]