Economics

January 30th, 2012

My econ professor has another video out!  Great stuff. “The Tea Party: People who believe in Social Darwinism, but don’t believe in Darwin.” -Nick

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November 11th, 2011

If you’ve driven along 580 lately, perhaps you’ve seen this sign, protesting the construction of a giant new premium outlet mall.  The sign claims the planned Paragon Outlets hurts the local community.  How so? I wondered. The mall, which is scheduled to open in November 2012, is being built on a huge empty lot, not [...]

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October 31st, 2011

WhatsYourPrice.com is an online dating website where “generous” suitors pay for dates with “attractive” singles.  It’s a business model that really stands out in a crowded space, and is the perfect example of the free market at work. Customers browse the profile of prospective dates and bid cash for the privilege of taking them out [...]

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July 11th, 2011

Prefer nonstop? Who doesn’t?  When booking flights, no one ever thinks to themselves, “man I could really go for a layover or two.”  Everyone “prefers” non-stops, which is why it’s silly to put the checkbox that many flight search services do: I never checked that box before today.  I was afraid that doing so would [...]

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July 1st, 2011

If you want to fly with your dog, it’s not cheap.  On Southwest, it costs $75 each way.  On Alaska Airlines, it costs $100 each way.  This is another example of airline silliness. Consider: When ticket prices for people occupying a real seat are cheaper than the dog fare, you must still pay the full [...]

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June 30th, 2011

Airfare pricing is a silly dance. It’s possible to fly across the country and every passenger will have paid a different fare. I know they’ve got the actuaries and statistical models to maximize profitability, but I’m curious how a different pricing structure would work. I propose a different kind of transparency. Instead of customers and [...]

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