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Posts Tagged ‘Emek Basker’

Are Wal-Mart’s Products Normal?

Emek Basker is an incredibly creative (and under-appreciated) industrial organization economist. She is also surely the leading Wal-Mart-ologist, and has been studying big box stores for several years. Her most recent piece provides a very nice teaching example highlighting the importance of the income elasticity of demand; she also managed the perfectly accurate but cheeky turn of phrase that we . . .