13 days ago by Josh Weil

How does the country with the world’s largest oil reserves and the 4th largest river face an energy shortage? Answer below the jump. "“Some people sing in the bath for half an hour. What kind of communism is that? Three minutes is more than enough!” Based on historical record, it’s a reasonable assu ...

Radical Ignorance - radicalignorance.com

15 days ago by Josh Weil

In my last post, I quoted extensively from the Introduction to Price Theory, David Friedman’s economic textbook. It turns out there is more and it’s really good. If you want to understand economics more deeply, you have the opportunity to read Price Theory online. The Internet never ceases to amaze. ...

Radical Ignorance - radicalignorance.com

44 days ago by admin

You could come up with lots of considerations and valuable opinions, which shed light on many bad aspects of online auctions. At the end of a dinner, you also managed to convince your best friends that they should stop ruining their eyes in front of Ebay. It’s time consuming and packed with useless ...

Oil Market Prices - oilmarketprices.com

44 days ago by admin

You could come up with lots of considerations and valuable opinions, which shed light on many bad aspects of online auctions. At the end of a dinner, you also managed to convince your best friends that they should stop ruining their eyes in front of Ebay. It’s time consuming and packed with useless ...

Oil Market Prices - oilmarketprices.com

54 days ago by By Daniel Hamermesh

Denny's breakfast menu in Provo, Utah, offers something that combines demand-based and cost-based price discrimination, but it's neither. The "French toast slam" is two pieces of toast and two eggs, two strips of bacon and two sausages for $6.99. The "senior French toast slam" is one piece of toast ...

Freakonomics - freakonomics.blogs.nytimes.com · 69 references

78 days ago by By Daniel Hamermesh

A local artist paints landscapes and various Austin sights, including the Texas Tower (the university's main building). He must pay the university a flat fee per year for the right to sell paintings of University property, emblems, or even anything containing the burnt-orange color. All are copyrigh ...

Freakonomics - freakonomics.blogs.nytimes.com · Rank: 66,331 · 2 references

82 days ago by benleong

Ok, so we’ve seen many online petitions go to waste. This time it concerns me and my grades and my remaining 2 sems in SIM. Here it is, all summed up.. YES I agree that we need a better lecturer for price theory, not a snobbish prick who FAILED to deliver the contents of the module over the past 10 ...

the accidental economist - benleong.wordpress.com

96 days ago by By Robin Goldstein

When I arrived in Portland last month, the first thing I wanted to do was buy a bike and get around the way the locals do. Since I wouldn't be in town for too long, and it wasn't clear that I'd be able to take the bike with me when I left, I wanted something extremely cheap.

Freakonomics - freakonomics.blogs.nytimes.com · Rank: 66,331 · 2 references

109 days ago by Orlando Roncesvalles

My economics class is now into how a market determines the price of a good under conditions of perfect competition. I wanted to give my students homework on whether there is perfect competition in the text messaging market. But I decided to leave this for class discussion. A related question is on t ...

FOO Law and Economics - foolawecon.wordpress.com · Rank: 147,778 · 2 references

124 days ago by By Daniel Hamermesh

I read in a local newspaper about a bordello in Germany, where prostitution is legal, that charges customers a fixed fee: a bit over 100 euros ($140) for an evening of drinks, food, and entertainment. This kind of pricing is common to amusement parks (Disneyland, for example), ski lifts, all-you-can ...

Freakonomics - freakonomics.blogs.nytimes.com · Rank: 66,331 · 2 references