Posts Tagged ‘supply’

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    Restaurant Economics

    Apr 10, 11 • 607 Views • No Comments

    For a new restaurant in Chicago, Next, no one is sitting at the phone taking reservations. Instead, online, you can buy a ticket for a table seating 2 or 4 (not 3 or 5). According to Chicago Magazine, the tickets are nonrefundable, include the tip and tax,......  [read more]

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    Cotton or Corn?

    Mar 30, 11 • 892 Views • No Comments

    One farmer told the NY Times, “It’s going to be cotton stalks everywhere.” With cotton prices soaring, acreage in Texas and other Southern states that had been used for wheat or corn now has cotton growing.  The result? A smaller......  [read more]

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    Now It’s Chocolate

    Mar 15, 11 • 719 Views • No Comments

    According to one recent news article, a Cadbury chocolate bar is missing 2 chunks but the price is the same. First we had a hedge fund trying to corner the cocoa bean market. Then came political turmoil in the world’s leading cocoa producer, the Ivory......  [read more]

  • Displaying different strategies, McDonald's and Starbucks call a 16 ounce cup different names.

    More Conspicuous (Coffee) Consumption

    Mar 11, 11 • 810 Views • No Comments

    The same story. But now it is about coffee. Increasingly affluent, the Chinese have begun to drink more coffee (in addition to using more oil, eating more meat and buying more handbags). When talking about China, the International Coffee Organization says......  [read more]

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    Bikes-For-Hire and the British Coastline

    Mar 8, 11 • 582 Views • No Comments

    London’s new bikes-for-hire program is about more than bikes. Launched this summer, the program had to solve a mismatch between supply and demand. In certain places there were too few bikes for the number of people who wanted them. In other spots, the......  [read more]