Posts Tagged ‘prices’

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    Movie Tickets

    Jan 5, 12 • 1607 Views • No Comments

    Should you pay more to see a blockbuster film during the Christmas holidays when movie going peaks? Less for an obscure foreign film? More on Saturday and at 7 pm? Less on Tuesday and 11 am? The issue is variable pricing. In this paper, several researchers...  [read more]

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    Moneyball Economics

    Sep 27, 11 • 707 Views • No Comments

    A wonderful baseball movie, Moneyball is also about economics. The story focuses on the Oakland Athletics, a second-tier baseball team with a small budget. A speedy runner? A homerun hitter? The stars cost many millions that Oakland just did not have. Faced...  [read more]

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    A Conservation Dilemma

    Sep 21, 11 • 245 Views • No Comments

    Should the Dunes Sagebrush Lizard (aka the Sand Dune Lizard), a 3-inch striped reptile, be listed under the Endangered Species Act? Here is the problem. The home of the Sand Dune Lizard is also the home of the Permian Basin which, according to Forbes,...  [read more]

  • Gasoline prices add 9/10 at the margin

    Higher Gas Prices

    Jun 5, 11 • 382 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]

  • Prices convey information.

    Giving Life a Price

    Feb 19, 11 • 292 Views • No Comments

    The people at OSHA (Occupational Safety and Health Administration) have been watching “Spider-Man.” Because of actors’ injuries during performances, the federal agency that monitors workplace safety went to Broadway. Should they? It is all...  [read more]