how economists see the world, article here
HT: MarginalRevolution.com
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Economic Analysis of Business Practice
We wrote a managerial economics textbook (Amazon, Barnes & Noble, Cengage) to teach students how to solve business problems (7 min. video). We started this blog to support those who use the book, and to keep up with developments in the field.
This was a very thought provoking article. I find it very interesting that Street News failed in New York as early as 2007, but street papers in other cities have successfully formed since. The article fails to mention that another reason for efficiency gains, in addition to differentiation, for selling street papers is the fact that it is a gift exchange transaction.
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