Economists Do It With Models

Warning: “graphic” content…

Entries Tagged as 'Markets'

Bookmark and Share
Economics Can Answer That! Oil Prices Edition…

December 17th, 2014 · 2 Comments
Econ 101 · Markets

To quote from The Consumerist: You may have noticed prices gradually falling at your neighborhood gas station over the last few months, what you may not know is that the price of oil has been falling even faster than that. Why aren’t station owners passing the savings on to drivers? The article goes on to [...]

[Read more →]

Tags: Econ 101 · Markets

Bookmark and Share
The Latest On Surge Pricing, Now With More Digression Into Income Inequality…

December 16th, 2014 · 7 Comments
Econ 101 · Markets

I’m beginning to think that the overlap in the Venn diagram of “Economic Theory” and “Good PR” is an area that my cat couldn’t resist trying to crawl through due to her obsession with small spaces. Case in point (re the economics, not the cat): We are all concerned with events in CBD. Fares have [...]

[Read more →]

Tags: Econ 101 · Markets

Bookmark and Share
You’re Not Wrong, Walter, Consumer Protection Edition…

December 10th, 2014 · 3 Comments
Markets

I would like to begin with a few (mostly personal) anecdotes: I remember one time in NY when my friends and I got in a cab and the driver tried to refuse to take us to Brooklyn. (In case you are not aware, one of the rules for those operating NYC cabs is that they [...]

[Read more →]

Tags: Markets

Bookmark and Share
Some Thanksgiving Wishful Thinking, Labor Markets Edition…

December 2nd, 2013 · 8 Comments
Markets

I feel like I’m going crazy- this is backwards, right? I’m pretty sure I was taught that one of the side effects of strong unions is that they discourage hiring, both because unions tend to lobby for above-market wages and because companies are hesitant to hire employees when they know that said employees will be [...]

[Read more →]

Tags: Markets

Bookmark and Share
The New (And Improved) Alan Greenspan Does The Daily Show…

October 24th, 2013 · 2 Comments
Behavioral Econ · Books · Finance · Markets · Policy

Oh man, this is great…it’s like watching everybody’s grandfather talk about bank regulation, AND Greenspan is basically saying that behavioral economists had it right all along: (Sidenote: the closed captions are really helpful if you are somewhere where audio is frowned upon.) Oh good, we’ve gotten to a point in the world where the guy [...]

[Read more →]

Tags: Behavioral Econ · Books · Finance · Markets · Policy

Bookmark and Share
Fun With Positional Goods, Coach Edition…

October 23rd, 2013 · 1 Comment
Buyer Beware · Markets

We talk about a lot of different types of goods in economics- normal goods, inferior goods, Giffen goods, Veblen goods, etc. So what is a positional good? I will let Sheldon from the Big Bang Theory explain: Raj: Dude, I’m glad you finally got a girlfriend, but do you have to do all that lovey-dovey [...]

[Read more →]

Tags: Buyer Beware · Markets