Latest Articles
The Dust Bowl - Natural or Man-made Disaster? (12/21/2001)
High transaction costs, whether natural or artificial, could delay the transfer of property rights from lower-value use to higher-value use.
High transaction costs, whether natural or artificial, could delay the transfer of property rights from lower-value use to higher-value use.
Selling Display Space (10/20/1999)
Display space in supermarkets and record stores is valuable real estate that suppliers are willing to pay a lot for to attract potential customers' attention.
Display space in supermarkets and record stores is valuable real estate that suppliers are willing to pay a lot for to attract potential customers' attention.
The Diet Poor (9/7/2005)
Lack of affordable transportation due to poverty forces the poor to shop in neighborhood stores that charge more for the mostly unhealthy but high-turnover food that they carry.
Lack of affordable transportation due to poverty forces the poor to shop in neighborhood stores that charge more for the mostly unhealthy but high-turnover food that they carry.
Dying for Money? (12/7/2000)
Compensated physician-assisted death could reduce end-of-life health care expenditures and reduce pain and suffering.
Compensated physician-assisted death could reduce end-of-life health care expenditures and reduce pain and suffering.
The Rise of Chicken (9/7/2005)
By vertically integrating the chicken business and applying quality control and standardization to all the steps from production to marketing, Tyson Foods has brought better and cheaper chicken to consumers, higher wages to workers and fatter returns to shareholders in a once low-profit commodity business.
By vertically integrating the chicken business and applying quality control and standardization to all the steps from production to marketing, Tyson Foods has brought better and cheaper chicken to consumers, higher wages to workers and fatter returns to shareholders in a once low-profit commodity business.
The Seduction of Cheap Labor (8/31/2005)
Cheap immigrant labor has kept labor-intensive lettuce farming in America that should perhaps have been offshored or mechanized.
Cheap immigrant labor has kept labor-intensive lettuce farming in America that should perhaps have been offshored or mechanized.
Captive Customers (6/29/1999)
Prison inmates must pay much higher fees for using pay phones installed by exclusive phone carriers chosen by the state.
Prison inmates must pay much higher fees for using pay phones installed by exclusive phone carriers chosen by the state.
