Posts Tagged ‘supply’

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    A Water Dilemma

    May 8, 10 • 296 Views • No Comments

    Last week, the Boston area had undrinkable water for several days. Predictably, bottled water sales soared as did bottled water prices in certain stores.  Equally predictably, politicians condemned the increases. Most economists, though, disagreed....  [read more]

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    Hot Wing Markets

    Mar 29, 10 • 225 Views • No Comments

    Opening on April 1 in NYC, the Exchange Bar & Grill has food and drink prices that respond instantaneously to demand.  As described in a Reuters article, if everyone wants hot wings, then, in $.25 increments, the price increases; if no one wants...  [read more]

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    Random Recession Notes

    Mar 23, 10 • 232 Views • No Comments

    The impact of a recession might not be entirely what we expect. A recent study from the University of Ottawa suggests that we sleep more during a recession. Canadians slept two hours and 34 minutes more per week. Hypothesizing that it makes people happier, a...  [read more]

  • A Bag Tax

    Jan 27, 10 • 291 Views • No Comments

    Washington, D.C. got a bag tax on January 1. Now, any store that sells food (even a book store that sells mints) has to charge its customers $.05 for every bag they use (not just for the food but everything!). The results… 1. One Safeway reported using...  [read more]

  • Is the Market Ethical?

    Jan 12, 10 • 282 Views • No Comments

    Some people believe that government should control areas that we consider most valuable while others say precisely the opposite. The “war” between government believers and market believers was evident in Saturday’s Wall Street Journal....  [read more]