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Reflections on Contemporary Business Issues in the Digital Age

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supply and demand

Oh baby… a look at the baby formula shortage

August 14, 2022

I think everyone remembers the "great toilet paper shortage" of 2020, when toilet paper all of a sudden turned into one of the most coveted items in … [Read more...] about Oh baby… a look at the baby formula shortage

Tags - baby formula, economics, imports, market concentration, shortage, supply and demand

Soaring Gas Prices

June 20, 2022

gas prices are rising image of gas pumps Photo by Engin Akyurt: https://www.pexels.com/photo/petrol-pump-filling-nozzles-gas-station-in-a-service-12377480

About 25 years ago, you could buy gas for about a dollar per gallon. Now, for the first time in history, a gallon of regular gas in the United States … [Read more...] about Soaring Gas Prices

Tags - Economy, gasoline, personal finance, supply and demand

Car Buying: The Changing Calculus of Used vs. New

April 4, 2022

supply chain issues have affected the car-buying process Photo by David McBee: https://www.pexels.com/photo/aerial-photo-of-building-395537/

Months ago, my car broke down, and it needed some significant repairs. So, I sold it to my mechanic for about $500. Suddenly carless, I reflected on … [Read more...] about Car Buying: The Changing Calculus of Used vs. New

Tags - car buying, personal finance, supply and demand, supply-chain issues

The Supply and Demand Model is Wrong

January 3, 2022

How useful is the supply and demand model? Photo by Artem Beliaikin from Pexels

We’ve all heard economists and analysts utter the expression, “It’s all simple supply and demand!” when trying to explain some market phenomenon. Maybe … [Read more...] about The Supply and Demand Model is Wrong

Tags - economics models, Nash equilibrium, perfect competition, supply and demand

Supply and Demand Curve Explained

November 23, 2020

supply and demand curve explained

If you have ever taken an economics course, you have likely encountered supply and demand. While these curves are easily drawn with the stroke of a pen, … [Read more...] about Supply and Demand Curve Explained

Tags - econometrics, microeconomics, quantitative analysis, supply and demand

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Categories

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Latest Posts

  • I C Evolution
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  • March Madness, Hot Hands and the Gambler’s Fallacy
  • In the Weeds – The Effect of Cannabis Use on Career Outcomes

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