From a new working paper by Atif Mian and Amir Sufi: “We examine the ability of the government to increase consumption by evaluating the impact of the 2009 “Cash for Clunkers” program on short and medium run auto purchases.”
An article in Bloomberg BusinessWeek breaks down Apple’s pricing strategy and identifies its key components.
I happened to be driving by an A&W restaurant the other day. I also happened to be thirsty. So I stopped in to order a frosty mug of root beer.
“We’re out of root beer,” the worker told me.
Let’s say you live or work in an area where there are a lot of vulnerable pedestrians – kids, maybe – and a lot of cars as well, and that the cars habitually drive too fast for your taste.
What do you do?
I was working at my desk recently when I heard a loud electronic chirp. I’d never heard it before. I was willing to overlook it once, but then I heard the chirp again, and again, and again, about every 30 seconds.
A few years ago, a contracts student of mine left me almost speechless when he admitted in class that he had purchased a tie from J. Press with the intent of returning it after he wore it to deliver a mock oral argument to me (as a mock Connecticut Supreme Court Justice).
The determinants of one’s demand for a product are covered in every introductory economics course. Independent of prices, my income and my general preferences, I also consider the cuteness of the product’s name.
Want to know a bit more about Austan Gooslbee, the newly appointed chairman of the White House Council of Economic Advisers? Straight from the horse’s mouth, here’s a Q&A we ran with him in July 2009. There are a lot of interesting answers, including several that are perhaps more interesting now than they were then.
To some people, the following conclusion should be filed under “Duh.” But even they might appreciate the empirical rigor undertaken by Scott E. Carrell, Mark Hoekstra, and James E. West in a new working paper called “Does Drinking Impair College Performance? Evidence from a Regression Discontinuity Approach.”
Commitment devices are an increasingly popular weight-loss method, especially among economists. However, new research from Nicholas Burger and John Lynham indicates that betting on your own ability to lose weight may not be a sure thing.
Michael Lewis, who expertly profiled Iceland’s collapse last year, has now set his sights on Greece. Lewis chronicles a country accustomed to corruption, handouts, and “breathtaking inefficiency.”
Correct me if I’m wrong — I couldn’t find mention of it anywhere — but as the NFL season opens, the Pittsburgh Steelers would seem to be the only team that’s ever had three black quarterbacks on its 53-man roster: Dennis Dixon, Byron Leftwich, and Charlie Batch.
I’ve already used up too much of your bandwidth complaining about the uselessness of pennies, but allow me to share with you a wonderful vlog rant by John Green on the many, many reasons why the penny (and the nickel, too) should be abolished.
Two years ago, I asked for suggestions for the most memorable contemporary TV catchphrases of recent years, to help with the next edition of The Yale Book of Quotations. Let me repeat my “bleg” from that time, and ask again for suggestions.
Why can buying a prom dress be legally similar to buying a textbook?
What’s the magic income number? According to Angus Deaton and Daniel Kahneman, it’s about $75,000, at least when it comes to day-to-day happiness.
A story told on pp. 8-11 of SuperFreakonomics – about the plague of horse manure, the introduction of the automobile (an “environmental savior”), and the resulting carbon emissions — has been turned into (of all things) a Mercedes-Benz commercial.
Announcing your goals – a common commitment device – may actually make you less likely to accomplish them, according to a new TED talk from music entrepreneur Derek Sivers.
Every year, I teach the production possibility frontier in terms of the two outputs that students can produce-fun and learning. To introduce technical progress, I ask for examples, first sector-specific progress, then general improvements in technology.
The conclusion couldn’t be any starker: “Indiana lawmakers say the state’s driver education program isn’t working, citing a fractured system administered by three separate agencies and statistics that put the program’s usefulness in doubt.”
A new study analyzed the effects of buying four basic prescription drugs in “low- and middle-income countries,” and the results aren’t pretty.
The first chapter of SuperFreakonomics, and a recent Q&A, addressed the pervasive male-female wage gap, but there does seem to be one subset of women who make more money than their male peers.
According to a new working paper by Ron Kaniel, Cade Massey, and David T. Robinson (abstract here; PDF here), the answer is yes, at least if you’re an MBA student looking for a job.
One of my summertime reading pleasures has been reading C.S. Lewis’s The Screwtape Letters for the first time. As a new generation of property student begins the school year, I thought it would be useful to pass on this commentary on the most property-laden adjective, the possessive “my.”
New research helps explain anomalies like the gambler’s fallacy and other irrational human behavior patterns. Researchers found that many “irrational” decisions are made because of erroneous beliefs.
We recently took note of the “unbranding” movement, in which Firm A might seem to damage Firm B by sending Firm B’s product to an undesirable endorser. The example of the day was Snooki and her Gucci purse. There would seem to be no limit to the unbranding opportunities in the modern world. How about, say, politics? The Times headline says it all – “Republican Runs Street People on Green Ticket” — but Marc Lacey’s article is well worth a read.
The Freakonomics movie that premiered this spring at the Tribeca Film Festival is released to the public today — but only on iTunes (and on some Video on Demand cable systems), nearly a month before it hits theaters.
We’ve had some old unwanted gold jewelry lying around for a long time. With gold at $1,237 per ounce, we figured it was time to sell it. We are a living movement up the supply curve of gold.
A reporter for the Canadian newspaper The Star handed out five pre-paid credit cards to panhandlers, asked the panhandlers to return the card when finished, and tracked their purchases.
New research indicates that older people are “more likely to choose to read negative articles about those younger than themselves. They also tended to show less interest in articles about older people, whether negative or positive.”