Earlier this year, Massachusetts furniture chain Jordan’s Furniture announced a marketing gimmick that would delight any diehard Red Sox fan: if the Sox went on to win the 2007 World Series, all furniture sales made between March 7 and April 16 of this year would be refunded. The chain, which is owned by Berkshire Hathaway Inc., sensibly bought an insurance . . .
U.S. government cracks down on street gangs. (Earlier) Martin Feldstein discusses inflation, income disparity, and the housing market. The Ivory Coast tries a new tactic for tardy employees: be on time, win a house. Busy airports hire “sign consultants” to reduce traveler confusion.
Labor demonstrations come to Second Life. (Earlier) Now in business school curricula: socially conscious investing. The real reason why no one washes rented cars. Schumpeter and Galbraith, compared.
Is cheating really so bad, particularly when there’s no punishment involved? Dubner discusses the vote rigging scandal behind the winners of Fishbowl DC’s “Hottest Media Types” contest.
Last week, we offered several different views on ideas to save the African rhino. Ray Fisman, one of the participants, has followed up with another take: Pretty much any policy prescription that an economist will propose will have incentives at its core. In rhino conservation, economists’ mania for incentives would translate most directly into policy through programs that reward communities . . .
At least for me, there are not too many questions that would lead me to respond, “For $25 million, no way, but for $50 million I’ll think about it.” Twenty-five million dollars is so much money that it’s hard to think about what you would do with it. It sure would be nice to have the first $25 million. I’m . . .
Can a charitable act truly be called charitable when the contributor wants or expects a reward? In a new study, Princeton economics professor Harvey Rosen and Stanford graduate student Jonathan Meer examined this question using a specific case of incentivized charity: alumni donations. They found that the size and frequency of an alumnus’s contributions to his alma mater rise in . . .
Bad news for retirees (and others) who want gigantic houses in Boulder, Colo.: local officials may enact home size restrictions. Under the proposal, residents would be allowed to build homes larger than 4,000 square feet only if they agree to invest in the preservation of agricultural or rural land in other regions. (Hat tip: J.C. O’Connell.) Here’s more on the . . .
An article from the Cox News Service that was published in the State, the daily newspaper of Columbia, S.C., tells the story of a family camping trip gone wrong. You should read the article here. For those who don’t feel like clicking through, I’ll summarize: 1. A suburban Atlanta man named Chris Everhart, a former Marine who now works as . . .
In today’s New York Times, Anthony Ramirez reports on the sharp decline in smoking in New York City. According to a study that interviewed 10,000 city residents, only 17.5% of the adult population now smokes, compared to 21.6% in 2002. What accounts for this huge drop? The article offers three potential causes: anti-tobacco TV ads, a smoking ban in restaurants, . . .
For a long time I have felt the price of gasoline in the United States was way too low. Pretty much all economists believe this. Greg Mankiw blogged back in October about the many reasons why we should raise gas taxes. The reason we need high gas taxes is that there are all sorts of costs associated with my driving . . .
Here’s a creative solution to the stall in Army recruitment: the military and senior defense officials are trying to get a bill through Congress that would allow recruitment of illegal aliens. The main attraction for the recruits, besides the steady job itself, would be the prize of citizenship. Picking up where Second Life leaves off, IBM has developed Innov8, a . . .
Reader Sean Swanzy alerted us to Penny Postcards, a wonderful Web site that allows private collectors to share images of postcards from every county and state in the union, with mailing dates spanning the twentieth century. Not that we’re geographically biased, but the New York City collection is particularly impressive. From the Gainesville Sun via Consumerist: Florida’s Sun State Credit . . .
From Reuters, via the New Zealand Herald: Contrary to the notion that American tourists are obnoxious, a survey of 15,000 European hoteliers found that Americans ranked second, behind the Japanese, as the world’s politest and most preferable guests. This may have to do, of course, with our great fondness for tipping. Britons, meanwhile, were rated the fifth worst tourists, due . . .
Just in time for tonight’s GOP debates, Michael Scherer at Salon offers a closer look at the growing GOP shake-up caused by presidential candidate Ron Paul, whom we’ve blogged about before. News from the International Journal of Hospitality Management: Diners will spend more money in your restaurant if it is scented with lavender. The bad news, as pointed out by . . .
Reader Helen DeWitt writes in with the following description of the U.S. military’s current system of officer promotion, as told to her by an Air Force officer who just returned from Baghdad: Officers rise through the system without relevance to merit; promotions are based on the length of time the officer has been in the system. (Up to the rank . . .
Ever since this first post on organ transplants just over a year ago followed by our subsequent New York Times column on the subject, we have received many, many tips about interesting, strange, provocative, and even useful incentives to encourage more organ donation. But nothing comes close to the latest one, which was sent in by at least 8 or . . .
Both of them would be better off if the default option were switched to opt-out as opposed to opt-in. This is hardly surprising but, sadly, it is still news. Let me explain. One of the reasons that some people don’t contribute to their 401(k) plans is because they usually have to “opt in” to the plan — i.e., actively choose . . .
We’ve written repeatedly on the shortage of human organs for transplantation, and the different incentives that are being offered to produce more donated organs. Among the incentives: a commemorative medal and a shorter prison term. Now a reader named Ronald Wielink writes to tell us that in the Netherlands, a funeral insurance company is offering to cut funeral costs by . . .
We’ve blogged before about a pay-what-you-wish coffee shop and pay-what-you-wish downloadable music. Now Luciana Silvestri, a reader from Argentina, writes with news of something different: An all-you-can-eat restaurant with a prix fixe twist. As she explains: A friend has just returned to Argentina from a six-month internship in Chicago and told me about a Japanese restaurant with quite an original . . .
I’ve been reading an advance copy of Tyler Cowen‘s book Discover Your Inner Economist. Many of you may know Cowen as co-proprietor of the excellent MarginalRevolution blog, which we’ve cited here often. The book is fast, furious, and fun, with great examples of how to apply economic thinking to nontraditional subjects. (My favorite: Cowen’s advice for keeping a meeting short . . .
The final installment in the Harry Potter series is near (much to the dismay of its profiting publisher), and the release date for lucky No. 7 is fast approaching. Meanwhile, Amazon.com is marking the occasion by running a contest called “The Harry-est Town in America.” Whichever town pre-orders the most copies of Harry Potter and the Deathly Hallows will receive . . .
We have blogged in the past about an anti-poverty program in Chicago that gave cash and prizes to poor families who paid their rent on time, got their kids to school, and looked for work. But Michael Bloomberg, the mayor of New York, has gone even further than Chicago to suss out an anti-poverty program that he may adapt for . . .
The National Football League’s commissioner, Roger Goodell, has just made it a lot more expensive to be a thug. Goodell suspended the Titans’ Pacman Jones without pay for the upcoming season (a loss of $1.29 million in base salary) and the Bengals’ Chris Henry for the first half of the season (surrendering as much as $230,000 in base pay). Jones . . .
An editorial in the current British Medical Journal makes a very sharp point that many of us have probably been thinking about in the last few weeks while reading the latest medical news in the papers: It’s easy to feel contempt for deluded practitioners of the past who advocated bloodletting and tonsillectomies for all. Easy, that is, until one considers . . .
Congress has taken note of the shortage of donated organs, and has proposed an incentive to increase donation: a commemorative medal to honor organ donors. Alex Tabarrok at Marginal Revolution sums it up thusly: “Millions for medals but not a cent for compensation.” I am sure the congressmen and senators mean well, and we here at Freakonomics are firm believers . . .
A Texas State Senator has been ridiculed for his proposal to pay women $500 if they show up at an abortion clinic, elect not to have an abortion, and then give the baby up for adoption. Honestly, though, is it really such a bad idea? What if he left out the part about visiting an abortion clinic? Does it make . . .
That is the proposal being considered in the South Carolina Senate. Prisoners would receive up to 180 days of time served for donating an organ or bone marrow. The following exchange of quotes from an A.P. article pretty much sums up the positions of nearly every debate over how organ donation should be incentivized: Mary Jo Cagle, chief medical officer . . .
It is late Monday night, and Levitt and I just completed an entire day’s worth of Freako-chat in Columbus, capital of Ohio and proud home of the Ohio State Buckeyes. A buckeye, we learned today, is a tree whose nut looks just like a chestnut but is poisonous. We also learned the OSU cheer, which even we were able master . . .