The Great Gefilte Fish Shortage

Fresh-made gefilte fish is hard to find this Passover season, because the harsh winter restricted fishing on the Great Lakes, sharply decreasing the supply of an essential input—whitefish. While this delicacy is not required by ritual, it is traditional—and with fresh-ground horseradish it is a mouth- (and eye-) watering treat.  One would think that a rising price would equilibrate the market, but it hasn’t—apparently merchants did not want to antagonize customers by raising prices.  Indeed, the nature-induced shortage in the market for fresh gefilte fish has increased the demand in the related market for the pre-made Manischewitz product, so that is hard to find too.  Pretty sad when you can’t find gefilte fish even in Manhattan!

The Marketing of Dogfish

In New England, cod and haddock are overfished and, according to WBUR, fishermen and restaurant owners are seeking cheaper and more plentiful fish like dogfish. Fish wholesalers are therefore working to promote the dogfish's image. According to WBUR, dogfish is already used in cafeterias at some local universities and hospitals -- and local lawmakers are now pushing the federal government to help by buying dogfish for prisons and military rations. What genius marketing: "Dogfish: Tasty enough for schools, hospitals, C rations, and even prisons."

Rent at Public Markets

At the Queen Victoria Market, an immense city-run collection of stalls and shops in Melbourne, Australia, a fishmonger at a prime corner is paying $5,500 per month to the City to operate there.  Since other fishmongers pay less, much of this payment is economic rent — payment for the visibility/access at this corner. But is the City extracting all the rent, or is it giving the fishmonger a good deal? 

This fishmonger has been in business at this location for a very long time.  That fact suggests that at most the City is not overcharging him, and perhaps it isn’t even extracting all the rent.  Whenever many public lessees in competitive businesses stay in business a long time, the public agency is probably granting them excess profits — at the public’s expense.

FREAK-est Links

This week, does eating fish reduce the risk of Alzheimer's? How to use Google to pick your baby's name; the brains of psychopaths are structurally different; impatient people have lower credit scores, and an interactive chart of all the money in the world.

Not Good at Math? Blame Your Inner Fish

New research suggests that female mosquitofish can count, but only up to four with any precision. No word on how high male mosquitofish can count. The research design is quite clever: When males bother females, the females try to flee to the biggest group of nearby females. When given the choice between two groups — […]