Showing posts with label high prices. Show all posts
Showing posts with label high prices. Show all posts
Saturday, June 15, 2024

Why High Incentives Cause Repugnance, by Robert Stüber

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 Here's a nice experiment in the EJ: Robert Stüber, Why High Incentives Cause Repugnance: a Framed Field Experiment , The Economic Journ...
Tuesday, November 14, 2023

How have real estate agents kept commissions high? More on steering, by Barry, Fried, and Hatfield,

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 Here's a paper that offers one channel for how residential real estate commissions have been maintained at a more or less constant perc...
Thursday, May 18, 2023

Pushback against high prices in academic publishing: open access fees and e-textbooks to libraries

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  The Guardian has the story: ‘Too greedy’: mass walkout at global science journal over ‘unethical’ fees. Entire board resigns over actions ...
Monday, May 15, 2023

Eliminating Hepatitis C, now that there's a cure (even though it's expensive)

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 There's growing discussion about eliminating Hep C in the U.S., doing appropriate deals with the two drug companies whose patents still...
Tuesday, March 28, 2023

Bride price in China

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  The NY Times has the story: In China, Marriage Rates Are Down and ‘Bride Prices’ Are Up . China’s one-child policy has led to too few wome...
Saturday, March 25, 2023

Junk Fees and Related Pricing Practices

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  The White House is taking interest in hidden fees, both  because they interfere with competition on price (e.g. when Ticketmaster reveals ...
Thursday, February 9, 2023

Ticketmaster and the secondary market for tickets, by Budish and Bhave

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 Here's a still-timely paper that was a work in progress for quite a while. Primary-Market Auctions for Event Tickets: Eliminating the R...
Monday, November 28, 2022

The market for large dinosaur fossils

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Should fossils be regarded as national treasures, or as natural resources, or perhaps works of art?  The NY Times has the story: As Dinosaur...
Thursday, September 15, 2022

Depreciated currency

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I'm flying home today from Argentina, where I took part in the TTS2022 international transplant conference.   I had to change dollars t...
Wednesday, August 10, 2022

Pharmacy Benefit Managers--Alex Chan on NPR's Planet Money podcast

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  Alex Chan is interviewed on the role of pharmacy benefit managers, their role in drug pricing, and some problems with the market design.
Saturday, July 2, 2022

SCOTUS on dialysis and DaVita

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  The Supreme Court delivered a number of decisions recently, and the news coverage has rightly focused on the decisions that will increase ...
Monday, June 13, 2022

Price gouging laws are unpopular with economists

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 Chicago Booth's Initiative on Global Markets recently polled their panel of academic economists in the U.S. on whether a new law banni...
Tuesday, April 26, 2022

High prices and moral outrage, by Elias, Lacetera, and Macis

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 Is Uber-style surge pricing immoral, or efficient?  How about price rises during a pandemic? Does discussion of the economic consequences c...
Friday, January 21, 2022

Black market marijuana coexists with legal marijuana in Oregon, and competes with it in California

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In a growing number of U.S. states, it is legal to grow and sell marijuana. But the price remains highest in the states where it is illegal,...
Wednesday, September 8, 2021

Participating in a Covid challenge trial: a participant's experience

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 The WSJ's Jenny Strasburg has another story on British challenge trials of Covid-19: Researchers Infect Volunteers With Coronavirus, Ho...
Thursday, December 17, 2020

Eduardo Laguna Müggenburg explores the repugnance of price gouging, and defends his dissertation

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  Eduardo Laguna successfully defended his Ph.D. dissertation last month. One of the papers he presented  (with Justin Holz and  Rafael Ji...
Saturday, November 21, 2020

Price gouging during the pandemic: NY law revised and enforced

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 Here's the press release from the office of the Attorney General of New York: Attorney General James Stops Three Amazon Sellers from Pr...
Thursday, September 3, 2020

Peter Cramton on the retail electricity market in California

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 Peter Cramton* is an astute observer of electricity markets.  Here's his op-ed in the San Diego Union-Tribune: Commentary: My monthly e...
Friday, June 12, 2020

Tools to allocate medical supplies in a crisis: Cramton, Ockenfels, Roth and Wilson in Nature

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Publishing a commentary in Nature is a dizzying process for anyone accustomed to the stately dance of publishing in Economics.  It's fa...
Saturday, May 23, 2020

Should emergency medical supplies go to the highest bidders? (That isn't necessarily what economists think...)

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Should prices clear markets for emergency medical supplies? Many economists don't think so: Prices of Medical Supplies "About ...