Junk Fees, Bundling and Unbundling
Joe Biden harped on junk fees during the State of the Union. While I do not think it is the problem of our time, I take things in the reference class of resort fees, or fees to have adjacent seats on an airplane, and other such unbundling (and bundling) surprisingly seriously. I am putting up my thoughts here so I have a reference to fall back upon.
Role of the price mechanism in allocating resources in an economy
Question: Explain the role of the price mechanism in allocating resources in an economy
As resources are scarce relative to the insatiable demands of human wants, economies are concerned with basic questions of allocation. The free market price mechanism (is the forces of demand and supply) answers the questions of- What and how much to produce? For whom to
Bruce Springsteen Fans Furious at Ticket Prices Going as High as $4-5K, Due to Ticketmaster’s ‘Dynamic Pricing’
Bruce Springsteen fans like to think of him as tougher than the rest, not pricier than the rest. So there were inevitable eruptions of anger when fans logged on for the first day of sales for the o…