Latest Articles
Beating the Pirates to the Punch Bowl (1/16/2006)
The low marginal cost of reproducing DVD movies has made it difficult to stamp out the bootleg DVD business in China.
The low marginal cost of reproducing DVD movies has made it difficult to stamp out the bootleg DVD business in China.
Underground Sins (1/14/2006)
High sales tax on cigarettes inadvertently encouraged underage smoking and reduced tax revenues.
High sales tax on cigarettes inadvertently encouraged underage smoking and reduced tax revenues.
Legacy Curse (1/14/2006)
The legacy of high union wages and benefits progressive measures has become part of a vicious circle of market-share erosion for old-time U.S. car makers.
The legacy of high union wages and benefits progressive measures has become part of a vicious circle of market-share erosion for old-time U.S. car makers.
Just-in-time Labor Division (1/14/2006)
Low cost contract manufacturing, online coordination among far-flung service providers and Internet viral promotion have propelled many startups into overnight empires.
Low cost contract manufacturing, online coordination among far-flung service providers and Internet viral promotion have propelled many startups into overnight empires.
Broken Promises? (1/14/2006)
New York transit workers staged a 5-day disruptive pre-Christmas labor strike to hang onto unsustainable benefits.
New York transit workers staged a 5-day disruptive pre-Christmas labor strike to hang onto unsustainable benefits.
Licensing Textbooks (1/14/2006)
Unbundling the intellectual content from the physical embodiment of textbooks might lower the prices of textbooks.
Unbundling the intellectual content from the physical embodiment of textbooks might lower the prices of textbooks.
Genericization as a Market Maker (1/14/2006)
The creation of a new market typically involves the simultaneous development of interlocking parts. Sacrificing the short-term gain for at least one part is often necessary to overcome initial supplier or buyer inertia.
The creation of a new market typically involves the simultaneous development of interlocking parts. Sacrificing the short-term gain for at least one part is often necessary to overcome initial supplier or buyer inertia.
A Nation of Money Hoarders (11/9/2001)
When the general price level keeps falling in a depressed economy with high unemployment, firms and consumers might not invest or consume more no matter how low the interest rate is. Instead, they would rather hold on to the money they already have or convert other assets into money.
When the general price level keeps falling in a depressed economy with high unemployment, firms and consumers might not invest or consume more no matter how low the interest rate is. Instead, they would rather hold on to the money they already have or convert other assets into money.
