Breathe Private Quality Air

Posted on November 6, 2009 | by Markus Stocker

Scarcity is perhaps one of the most fundamental characteristic of resources we pay for upon consumption. Breathable air is considered to be a common-pool resource, likely the main reason why up to now we have had open access to it. Free breathable air is, however, not a tautology, I think. Will it become a scarce [...]

Who Gets The Price Right?

Posted on July 10, 2009 | by Markus Stocker

The plot: The entrance to a small sized open-air concert. The actors: Two coordinated ticket buyer-and-sellers, individual buyers, individual sellers, the official box-office and, of course, tickets. The box-office ticket price for the event: 88 CHF. Availability of tickets at the box-office: Yes. This might be somewhat a post on “Economics 101,” a short — [...]

 

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