Econ 201 Elasticity, Market Structure, & Instutionalists

Link to slides

Link to slides

Class and TA section notes on Elasticity and Market Structure

Notes for what is important to study in the Buchholz chapters on Marshall, Institutionalists, and Public Choice

For interest on New Institutionalists:  

• • Sometimes more choice is NOT a good thing.

  • More Veblen:

    • • Canada Goose Coats (The New Yorker, February 16, 2017)

      • Vitamix Blenders (Saturday Night Live, 2014)

For interest:

• • The Top 100 Companies:  Revenue versus Profit (VisualCapitalist, June 12, 2017)

    • And revenue by employee

  • Calvin & Hobbes on the limits to monopoly, even for a lemonade stand

  • Price discrimination at universities (New York Times, May 17, 2017)

    • And more on this topic (New York Times, May 24, 2017)

  • Elasticity of demand for Cubs tickets (New York Times, Feb. 15, 2010)

  • Should the Pittsburgh Pirates baseball team even try to be profitable?  (Slate, August 25, 2010)

    • More on the Pirates from ESPN.

  • Newspapers...going down?  (Slate, October 28, 2009)  

  • Walmart and Price Discrimination (New York Times, May 30, 2010)

  • Airline tickets and price discrimination; check out the price-per-mile comparisons!   "You paid what for that flight?"  (Wall Street Journal, August 23, 2010)  

  • How to signal elasticity during the college financial aid process (Wall Street Journal, May  22, 2010)

  • Cool price discrimination case:  Omega watches sell for different prices around the world (Wall Street Journal, July 30, 2010)

  • Stanley Jevons on the Elasticity of Demand for Energy  (New York Times, August 24, 2010)

  • We aren't going to stop buying gas (The New Republic, March 30, 2011)

  • Seriously, our demand for gasoline is very inelastic (Matthew Yglasias, April 1, 2011)

  • The Wire's Stringer Bell on elasticity