Tag Archives: price setting
Context Adds Value 02
An experiment conducted in 1985 asked people to imagine they were sitting on a beach, feeling a bit thirsty and a friend offered to fetch one for them. They were then asked how much they would allow their friend to … Continue reading
Unintended Consequences of Government Interference in the Rice Market
(710 words) How many people have to die before governments stop manipulating markets? The answer is they will never stop. There have been two major rice crises this century, one international the other national. Both caused many needless deaths, both … Continue reading