Keyword: scarcity
Alternative Energy (1/16/2006)
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.
Faking It (9/26/2011)
Scarcity value does not depend on technical competence but scarcity itself.
Guy Glut (4/14/2000)
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.
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.
Price Gouging - Historical vs Opportunity Cost cartoon (10/8/2017)
Pricing at opportunity cost rather than historical cost can solve market shortages. In other words, "price gouging" can be an unsung hero.
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.