Posts Tagged ‘supply’

  • Dynamic Pricing for Tickets Displays the Power of Prices

    Big Ten Tickets

    Dec 9, 12 • 585 Views • No Comments

    For $75 you can see all 9 Big Ten Conference basketball games…Maybe. Here’s the story. If you buy a Golden Ticket online from the Minnesota Golden Gophers, you can attend up to 9 Big Ten games but only if Minnesota wins every time you attend. If......  [read more]

  • Marijuana legalization is about demand, supply, market structure and cost benefit analysis.

    An Economic High?

    Nov 25, 12 • 976 Views • No Comments

    On November 6, Colorado voters resoundingly agreed that recreational use of marijuana would become legal. However, as Colorado Governor John Hickenlooper said, “…federal law still says marijuana is an illegal drug so don’t break out the Cheetos or......  [read more]

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

    Caffeine Highs and Lows

    Nov 18, 12 • 1382 Views • No Comments

    Among the biggest coffee drinkers in the world, euro-zone consumers are cutting back. As one Milan café owner explained, “Since the beginning of the year most of our regulars cut their coffees from around four to two a day. Sometimes, instead of......  [read more]

  • Halloween and Charitable Giving

    Halloween and That “Warm Glow”

    Nov 4, 12 • 938 Views • No Comments

    With NJ kids trick or treating on November 5 because of Hurricane Sandy, they still have time to look at the Zillow Halloween Index. Zillow, the housing website, tells us that the biggest candy hauls come from more affluent neighborhoods that are somewhat......  [read more]

  • Gasoline prices add 9/10 at the margin

    A New Name for Price Gouging

    Nov 2, 12 • 609 Views • No Comments

    Yesterday, a friend of mine waited on a gas line for 3 hours to fill his tank. The price was close to normal but the line was not. Hearing about gas lines, I remembered when Boston’s water supply was temporarily undrinkable several years ago and......  [read more]