In a previous post, I estimated the following equation for the demand for gasoline (January 2002-December 2009): where P is price in cents, U is unemployment in percentage terms (i.e. 7% unemployment equals U of 7), and δ equals monthly variation (because gasoline consumption differs substantially by month.) In previous posts, I also estimated the [...]

Friday, April 16, 2010 | 14:04
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I just read something in my economics textbook similar to the ideas expressed in my “Marketing to the Womb” post from several months ago: … Some promotional tactics are subtle. For example, grocery stores place sugary breakfast cereals on lower shelves so that they are at children’s eye level. According to a survey of 27 [...]

Thursday, April 15, 2010 | 17:48
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