Economics of.... ideas

A multimillionaire businessman's staggering speeding fine can help explain Becker's rational model of crime and the role of deterrence in in shaping criminal decisions.

Grocery-retailer consolidation is damaging our food system, stifling innovation and making everything more expensive.

States have different rules for what can be sold at farmers markets, and some states have no rules at all.

T.J. Maxx and Marshall’s parent company TJX made almost $50 billion last year – more than Nordstrom and Macy’s combined. A decades-old TJ Maxx commercial promises customers “the max for the minimum price” and says the store is “never the same place twice.” But how does the clothing store get its inventory and sell it at such a discount? WSJ explains how the off-price retailer gains its inventory and uses consumer psychology to keep customers coming back for more. 0:00 TJ Maxx’s core strategy 0:46 Price anchoring 3:06 Inventory 5:10 Pandemic’s effects The Economics Of How do the world's most successful companies generate revenue? In this explainer series, we'll dive into the surprising stories behind how businesses work--exploring everything from Costco's "treasure-hunt" model to the economics behind Amazon's AWS. #TJMaxx #Fashion #WSJ

The world loves beans — but not Americans, despite the fact that they’re cheap and nutritious.

Rising car thefts driven by social media trends prompts the NYPD to consider investing in technology. But how does this effect the rational model of crime?

Buying stuff online is stressful. Reserving a room is excruciating.

Online sportsbooks are trying to move odds in their favor for their own high-stakes arms race.

Disney World is one of the most popular vacation destinations in the world. Disney knows this and has figured out many ways to set prices to maximize profits...

Girl Scout cookies like Thin Mints, Samoas and Tagalongs are sold only a few months each year, yet they generate $800 million in revenue annually for Girl Scouts of the USA. In fact, the organization is the largest girl-led entrepreneurial program in the world, helping young girls practice unique skills like goal setting and money management. WSJ takes a look at how cookies have served as the key ingredients for Girl Scouts' longstanding success. 0:00 Girl Scout cookies have been around for over 100 years 0:41 How Girl Scout cookies’ nimble business model led to a boost in online sales 1:35 How Girl Scout cookies’ limited supply and changing flavors works in their favor 2:42 How the Girl Scout cookie program works and why it is effective The Economics Of How do the world's most successful companies generate revenue? In this explainer series, we'll dive into the surprising stories behind how businesses work--exploring everything from Costco's "treasure-hunt" model to the economics behind Amazon's AWS. #GirlScouts #GirlScoutCookies #WSJ

Many Ivory Coast farmers denied minimum price.

Five years ago, both diners and restaurant workers pushed back against efforts to go tip-free — efforts that could play out differently in a post-pandemic world

Employers pay tipped workers $2.13 an hour. Why? Reconstruction-era racial discrimination.

The company is sort of stuck between a rock and an antisemitic sneaker.

Start your business today with a free trial of Shopify - go to https://www.shopify.com/modernmba to learn more.As restaurants go, there’s Italian, Mexican, C...

The average cost of a 2023 wedding is expected to be $29,000 as vendors say inflation is forcing them to raise their prices, according to data from Zola.

The food industry abides by a cost-to-menu price standard, which is 28% to 32%. This means that for any given menu item the restaurant should charge at least double.

LOUISVILLE, Ky. (AP) — Producers of spirits have new bragging rights in the age-old whiskey vs. beer barroom debate. New figures show that spirits surpassed beer for U.S. market-share supremacy, based on supplier revenues, a spirit industry group announced Thursday.

Feeling tired and groggy in the morning may well lead you to crave a coffee boost. But is it a gift or just a loan in terms of energy?

In our first episode, host Zachary Crockett sidles up to the pump to ask: Who owns your local gas station, and where do their profits really come from?

You might assume that lottery winners are guaranteed to thrive financially in the future. You would be mistaken.

If someone wins the estimated $1.35 billion Mega Millions jackpot on Friday, six of the top 10 U.S. lottery prizes will have been won since 2021 alone

Starry "delivers a more balanced, cleaner, crisp finish than Sierra Mist," a spokesperson told Insider.

Vanilla Market is estimated at $789.6 million in 2021 growing at a CAGR of 5.7% over the forecast period 2022-2027.

The collapse of America’s middle class crushed department stores. Amazon and the pandemic are the final blows.

"Kidults" are responsible for one-fourth of all toy sales annually, around $9 billion worth, as they buy everything from Star Wars to Lego products.

LEGO set prices differ depending on where you shop. TheToyZone found a 700% difference between the average price of LEGO in the most and least expensive markets.

As part of its campaign to soothe regulators ahead of a potential vote, it announced an agreement with Nintendo to bring ‘CoD’ to the Switch for 10 years.