Posts Tagged ‘prices’

  • 16805_cash register.12.14.11_000008894661XSmall

    Venezuela’s Price Controls

    Apr 22, 12 • 985 Views • No Comments

    Reading that a Venezuelan retiree did not mind the food lines, I started thinking about how President Chavez’s price controls have changed incentives. The retiree, who has more time than money, now has the incentive to stand in line. Meanwhile, a......  [read more]

  • bear..2.17_000014128907XSmall

    The Riskiest Movies

    Feb 17, 12 • 626 Views • No Comments

    Because Bart the Bear was no ordinary bear, anytime he appeared in a movie, the cost could have been $250,000. Yes, Bart’s salary was pricey but the $250,000 was all about insurance. Most producers and movie studios require insurance. For stars, for......  [read more]

  • popcorn...16848_4.1_000004760445XSmall

    Movie Tickets

    Jan 5, 12 • 4273 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]

  • 16646_6.29_000001423466XSmall

    Moneyball Economics

    Sep 27, 11 • 2573 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 • 581 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]