Keyword: economics cartoon
Please Sit Down! (8/22/2012)
A prisoner's dilemma results when people compete for limited positional goods. Individually smart, but collectively dumb.
Keywords: basketball game, economics cartoon, positional goods, prisoner's dilemma
Price Gouging? - Historical Cost vs Opportunity Cost cartoon (4/12/2013)
Pricing at opportunity cost rather than historical cost can solve market shortages. In other words, "price gouging" can be an unsung hero.
Keywords: economics cartoon, flashecon, historical cost, opportunity cost, price gouging, Storm Sandy