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EconoGIST | econogist.com Reviews
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Economics and finance made simple.
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EconoGIST | econogist.com Reviews

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Economics and finance made simple.

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1

Surge Price My Latte — EconoGIST

http://www.econogist.com/home/surge-price-my-latte

Surge Price My Latte. Along the lines of price discrimination (Econogist explanation here. Let’s talk about surge pricing. Surge pricing is a pretty effective way to capture customer’s willingness-to-pay (WTP) in an instantaneous fashion. Economists and proponents of free markets. The genius of surge taxing what are (arguably) luxury goods would be a lack of regressive incidence. See, most flat taxes (explanation here. Leaving companies an opportunity to take advantage of their sleep-deprived clientele.

2

Deciphering Data: Tiger Moms, Cuffing Season, Time-Wasting, Inequality, and Determinants of Success — EconoGIST

http://www.econogist.com/home/17/10/2014deciphering-data

Deciphering Data: Tiger Moms, Cuffing Season, Time-Wasting, Inequality, and Determinants of Success. One of the best (and most well-known) sites for beautiful data visualizations is Information is Beautiful. Below is their visualization of peak break-up times. Other cool graphics from Information is Beautiful show the World's Largest Data Breaches. Over time and International Number Ones. The thing each country is best at. (hint: for the US, it's serial killers). Image from Information is Beautiful.

3

Derivatives — EconoGIST

http://www.econogist.com/definitions/derivatives

A derivative is a financial product that functions very similarly to a stock. Anyone can buy a derivative, and the value of it depends on the value of the underlying asset. For example, the value of a gold derivative is. From the price of gold. If the price of gold increases, the value of the gold derivative increases. Derivatives are a way of making money without holding the physical good. If someone thought the price of gold would increase, they. April 13, 2014.

4

What Ice Cube Trays Say About Innovation and Change — EconoGIST

http://www.econogist.com/home/ice-cubes-and-innovation

What Ice Cube Trays Say About Innovation and Change. I recently went to Bed Bath and Beyond to get supplies for my new apartment. I was looking for ice cube trays and found a myriad of options, including a tray with long, thin cubes Perfect for water bottles! I purchased this and an OXO tray that has a cover so you can control how many ice cubes come out! Someone out there spends their days at work making innovations in ice cube design. ”. Someone out there does. The need for new cube styles, however, is...

5

How Perfect Substitutes Became a Myth — EconoGIST

http://www.econogist.com/home/economic-case-against-perfect-substitutes

How Perfect Substitutes Became a Myth. Early economists Francise Ysidro Edgeworth and Vilfredo Pareto were the first to define the concepts of complementary and substitute goods. The Impact of Affluence. As marketing and advertising grew, consumer demand followed cyclically, a phenomenon John Kenneth Galbraith (1958) labeled the dependence effect:. Of the good than purchase a different brand in response to a price change thoroughly refutes the definition of perfect substitutes. Apr 14, 2016. Apr 14, 2016.

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econogirl | Economics without the boring stuff

Economics without the boring stuff. Of razor gangs, budget cuts and the policy mix. November 18, 2011. In the Channel Nine series Underbelly Razor – as in real life – Sydney’s criminal matriarch Tilly Devine did not hesitate to wield the razor to keep her motley empire in line and protect it against incursion by rival gangs. It appears Julia Gillard approaches the task of achieving a budget surplus in 2012-13 with a similar ferocity of intent. Continue reading →. November 14, 2011. November 14, 2011.

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The Econogizer Blog | Articles on getting more from fuel enhancement additives.

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