In early 2020, the Pokemon market started to rapidly heat up. Although some older games and assorted memorabilia have also seen prices spike in the frenzy, the real golden tickets have been rare, colorful pieces of cardboard — Pokemon cards. Several overlapping socioeconomic factors and decades of sustained love for the global franchise have created … More What’s a Charizard Worth?
Through my work at ZS, I’ve spent a considerable amount of time analyzing revenue leakage. Recently, I contributed to a ZS POV on revenue leakage within the pharmaceutical industry, showcasing public examples of major fraud faced by pharma (and how to mitigate it). I want to highlight a few key points from the article, and … More Revenue Leakage in the Shadows
In early 2020, the CARES Act was passed in response to severe negative macroeconomic effects stemming from the COVID-19 pandemic affecting the United States. One of the biggest media talking points centered around the passage of a $1,200 stimulus payment, designed to be distributed over the coming months and help increase consumption. These stimulus payments … More Econ in the News: Stimulus Checks (and Debit Cards)
Premium wages. Company picnics and events. Subsidized housing. And brand recognition at some of the hottest companies to work for. I’m not describing tech companies. I’m talking about blue-collar jobs in the 20th century. The rise and fall of early private welfare capitalism in the United States, plus a little economic history, shows key parallels … More Programmers are the Blue-Collar Workers of the 21st century
A novel coronavirus believed to have originated in Wuhan, China has grown into a full-scale pandemic over recent months. In addition to China, hotspots have been growing in South Korea, Iran, Italy, and the United States, in addition to dozens of other countries which are now reporting infections. From an economic perspective, what COVID-19 crisis … More Econ in the time of Coronavirus
The NCAA recently opened the door to allowing college athletes to be compensated for the use of their likeness, names, and images. In a statement, the board of governors for the NCAA has officially begun the process, although the exact details remain uncertain. I won’t dive too much into arguments for or against compensating student-athletes … More Econ in the News: NCAA and Athlete Pay
To support its Emmy-nominated program “The Marvelous Mrs. Maisel,” Amazon’s marketing department partnered with dozens of businesses in Los Angeles for ‘Maisel Day’ on August 15th. From a gas station charging 30 cents a gallon to burgers, fries, and a slice of pie for 80 cents at a diner, this clever marketing campaign uses some … More ‘Maisel Day’ and the Power of Nostalgia
Have you ever wondered why gas prices can vary significantly, even when the gas stations are within a block of each other? There are a lot of factors in play that cause these price differences, and with a few economic models and methods, we can start to tease out reasons for the variation. Focusing on … More Econ in the News: Gas Price Variation from Pump to Pump
“Suppose you need to borrow $100. Which is the lower amount to pay back: $105 or $100 plus three percent?” Half of the adults surveyed in a huge Gallup poll got the answer wrong (the correct answer, in case you were wondering, was $100 plus three percent: $103 < $105). In a humorous article on … More What about Financial Ed?
As of January 1st, 2019, the cottage food industry in California has received a major legislative boost: a wider variety of foods made in a home kitchen can now be legally sold with fewer permit restrictions. I want to examine questions of deregulation, substitution, and cognitive biases that feed into the cottage food debate. First … More Econ in the News: Cottage Food Deregulation