It’s the reason this happened:

Authorities say a teenage girl was trampled at a western Michigan Walmart store and suffered minor injuries after getting caught in a rush to a sale in the electronics department.

The Muskegon Chronicle reports the girl was taken to a local hospital Friday morning. Fruitport Township Supervisor Brian Werschem . . . → Read More: Greed

Fat Taxes


Things are never so simple, of course. The tax has already been received by many Danish firms as a ‘bureaucratic nightmare’, piling on additional costs to firms in an already tough period. Once more, any tax such as this is going to be inherently regressive; those least able to afford any price increases . . . → Read More: Fat Taxes

Book Review

Maybe my discipline for reading has been waning in recent weeks, because this is the second consecutive book that I’ve been unable to read in its entirety before quitting.  The problem with The Winner’s Curse is that it is a highly technical way of saying “duh.”  By this I mean that Thaler addresses issues . . . → Read More: Book Review: The Winner’s Curse by Richard Thale

Hours of Operation of Indian Retail Firms

Raghavendra Kamath has an article in the Business Standard on experiments by Indian retailers at running stores for 24 hours a day.

I have often wondered about the costs and benefits of the 24-hour stores that one sees in the US. Two things come to mind. First, the response of demand to extended hours . . . → Read More: Hours of Operation of Indian Retail Firms

How the iPhone Changes Consumer Behavior

There have been more words written about the iPhone “phenomenon” than perhaps any other single piece of technology. So it might seem like another blog would be just one more for the pile.

But the iPhone presents a perfect example of technology making its mark on consumer behavior. A recent article in the LA . . . → Read More: How the iPhone Changes Consumer Behavior