Tag: consumption

Illiquidity and the Hot Dog Effect

This article uses an example of buying hot dogs and hot dog buns to illustrate how liquidity in a market can improve efficiency. Hot dogs and hot dog buns are often sold in incompatible quantities. This causes us to consume

Tagged with: , , , , , , , , , , , ,

The Importance of Moral Information

This article will argue that information is heterogeneous. It will further argue that a particular kind of information is moral information and that information is a key driver of consumer and producer preference. These preferential changes can result in significant

Tagged with: , , , , , , , , , , , ,