Managerial Econ

It appears that Hostess has a credible threat to shut down unless the Union makes concessions. Hostess, based in Irving, Texas, has alread...

England has a drinking problem : Since 1990, teenage alcohol consumption has doubled. Since World War II, alcohol intake for the popula...

It is not because of high taxes or unfunded pension liabilities.  Rather it is due to the low regulated prices that cheese producers get ...

Its all about the Benjamins : Here is a really simplified example. Suppose you are a large company generating $1B in revenue, and you hav...

Blame prices that are not allowed to adjust: Hit by a cascade of complaints from consumers, the New York Attorney General’s Office launc...

Know the rules of Halloween candy trading

The NY Times takes a look at Illinois : For years, Illinois has racked up billions in public debt to plug budget holes, pay overdue bill...

The video illustrates a couple of ideas: 1. From Chapter 2:  subsidies destroy wealt h, in this case, by encouraging activities whose c...

The Australian Competition and Consumer Commission (ACCC) has clamped down on so-called "resale price maintenance" (RPM) by Eterna...

An interesting application of group incentives was examined in a new working paper by Scott A. Imberman and Michael Lovenheim called " ...