Microeconomics: Scarcity
Alternative Energy (1/16/2006)
The rise of scarcity cost in oil has made alternative energy sources more cost competitive.
The rise of scarcity cost in oil has made alternative energy sources more cost competitive.
Cheap Pearls (2/16/2001)
Far from increasing consumer surplus, falling prices for luxury goods such as freshwater pearls due to overproduction reduce both consumer surplus and producer profit.
Far from increasing consumer surplus, falling prices for luxury goods such as freshwater pearls due to overproduction reduce both consumer surplus and producer profit.
Guy Glut (4/14/2000)
A serious surplus of single high-tech men has spawned a flourishing matchmaking industry.
A serious surplus of single high-tech men has spawned a flourishing matchmaking industry.
Looks Matter (11/5/1999)
Looks matter when most people are plain looking, even in jobs where looks do not affect job performance.
Looks matter when most people are plain looking, even in jobs where looks do not affect job performance.
Management Tournament? (1/16/2006)
Outsized CEO compensation reflects talent scarcity and competitive emulation among interlocking compensation committees.
Outsized CEO compensation reflects talent scarcity and competitive emulation among interlocking compensation committees.
Paid Attention (10/20/1999)
Customers' attention has always been a scarce resource, but has never been paid for in cash until now in cyberspace.
Customers' attention has always been a scarce resource, but has never been paid for in cash until now in cyberspace.
Selling Display Space (10/20/1999)
Display space in supermarkets and record stores is valuable real estate that suppliers are willing to pay a lot for to attract potential customers' attention.
Display space in supermarkets and record stores is valuable real estate that suppliers are willing to pay a lot for to attract potential customers' attention.
