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Researchers have linked the rise in obesity to technological progress reducing the opportunity cost of food consumption and increasing the opportunity cost of physical activity. We examine this hypothesis in the context of Walmart Supercenters, whose advancements in retail logistics have...
Persistent link: https://www.econbiz.de/10008871848
Research shows that grocery stores reduce prices to compete with Walmart Supercenters. This study finds evidence that the competitive effects of two other big box retailers – Costco and Walmart-owned Sam's Club – are quite different. Using city-level panel grocery price data matched with a...
Persistent link: https://www.econbiz.de/10008852059
Economists often need practical examples of the propositions discussed in class. Many such examples are provided in Trading Places, which, in addition to being an entertaining movie, illustrates a number of important points about economics, including the role of property rights, the costs of...
Persistent link: https://www.econbiz.de/10011172259
The classic noir film The Third Man tells a story of a staged death, an over-inquisitive friend and a hopeless lover, in the dark world of postwar Vienna. It is also an excellent demonstration of the effects of price controls and rationing, and of the unpleasant consequences of the resulting...
Persistent link: https://www.econbiz.de/10011172737
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Purpose – The purpose of this paper is to explore the relationship between beliefs and economic policy in the context of gasoline prices following Hurricane Katrina. Design/methodology/approach – The paper applies three contributions – by North, Caplan and Higgs – to the question of...
Persistent link: https://www.econbiz.de/10014805469