Monday, March 18, 2013
An Econ Major Has a Good Job Interview
NPR recently ran this story on the disconnect between employees they want to hire and graduates from colleges and universities. Part of the story is an interview between a employer and a student a VCU who is a double major in computer science and economics.
Thursday, March 14, 2013
Wednesday, March 13, 2013
Yahoo! Again
Monday, March 11, 2013
Economists Crunch Data Well
This article in the WSJ is a good reason to study economics. For example, the MA program where I teach offers a three-course sequence in econometrics.
Sunday, March 10, 2013
A Tale of Two Pricing Algorithms
This post tells the tale of what can happen when two pricing bots compete.
Tuesday, March 5, 2013
Monday, March 4, 2013
More on ABI's full acquisition of Modelo
This NYT article is a good introduction to mergers, pricing substitute products, and game theory. Who doesn't love a NYT article that mentions trigger strategies?
Friday, March 1, 2013
Air fares as content
Unions and Minimum Wage
This article in the WSJ identifies two reasons that unions support increases in the minimum wage.
- The wage paid in many union contracts is pegged to the minimum wage. As the minimum wage rises, so dos the union wage.
- Paying less skilled workers more increases the demand for highly skilled unionized labor.
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