Type of goods
Cash for Clunkers - Used Cars (4/14/2000)
Used cars are but one example of used goods that embody older environmentally unfriendly technology. Ideally, they should be deprived of a second life. But such capital punishment often creates hardship for people who must depend on such used goods for their livelihood.
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.
Complements and Substitutes (1/2/2012)
Complements and substitutes illustrate the difference between changes in quantity demanded vs changes in demand.
Complements and Substitutes (transcript) (3/27/2007)
Complements and substitutes illustrate the difference between changes in quantity demanded vs changes in demand.
Drinking Experience (6/22/2006)
Starbucks commands premium prices for its lifestyle coffee because of its status cachet.
Extreme Image Makeover (6/22/2006)
The successful emergence of once-slighted digital cameras has reshuffled the cast of major players in the photography business.
Free Riding on Preventive Health Care (8/16/2000)
Individual health insurers may be reluctant to aggressively offer smoking cessation treatment to their insured members because of high turnover of treated patients to other health insurers
From Seahorses to Viagra (9/3/2005)
Viagra and other similar western impotence remedies might have affected the demand for and prices of traditional substitutes.
Genericization as a Market Maker (1/14/2006)
The creation of a new market typically involves the simultaneous development of interlocking parts. Sacrificing the short-term gain for at least one part is often necessary to overcome initial supplier or buyer inertia.
He Who Pays the Piper (2/27/2007)
How on-the-air radio is indirectly funded affects the quality of radio programming as a public good.
Lounging in Luxury - Can You Afford It? (1/29/2014)
The value of luxury goods can be preserved only if access to them is restricted.
More Money, More Options (2/25/2000)
Fast foods are inferior goods that are used more when income is low. "Sit down" restaurant meals are normal goods that are consumed more when income is high.
Noodle Price-hike Conspiracy (6/22/2006)
Price hike is difficult to sustain in commodity business with many competitors.
Premium from Freemium (12/30/2014)
Free public goods with close to zero marginal cost could profit from partial excludability.
Private Goods vs Public Goods (11/2/2011)
Public goods cannot or do not exclude non-paying users and your consumption does not reduce others' consumption.
Private goods vs. public goods (transcript) (3/27/2007)
Narrated lecture on the difference between private goods and public goods. Demand schedules for private goods and public goods are generated using Flash animation.
Raiders of the Net (2/8/2005)
Controlling the distribution of products and the provision of after-sale service considerably reduce free riding of online shoppers on offline stores for product information.
Rivalry and Excludability in Goods (8/15/2006)
Goods can be classified by their consumption rivalry and ability to exclude non-payers.
Roemer's Law of Demand (9/7/2005)
Supply may induce its own demand where a third party practically guarantees reimbursement of usage.
Self-Competition (6/22/2006)
Durability of capital goods poses challenge to producers in a mature market.
Shovelers Keepers? (6/7/2004)
Uncertain property rights will lead to either underinvestment or unnecessary disputes.
Streaming Revenues (6/22/2006)
Many companies earn more revenues from selling replacement parts than selling the complementary products.
Supply-chain Births (6/22/2006)
Caesarean sections, which are preferred for their predictability, are more prevalent when reimbursement policy favors their practice even when they are not medically necessary.
Systems Competition and Network Effects (9/26/2000)
A dominant network based on a near universal standard can internalize a great deal of system externality to the benefits of network users and can persist even in the face of technically superior competing networks.
Taxes and Commercials, Necessary Evils? (11/28/2000)
Taxes and TV commercial take away what we could have otherwise, but are necessary to support 'free services'.
The Rise of Dogs (9/11/2007)
Rising affluence and other social factors have led to the emergence of the dog care industry.
The Sharing Economy (3/11/2014)
The peer-to-peer rental and sharing economy could lead to more efficient allocation of scarce resources and a cleaner economy.
There Are no Widgets - Types of Goods (7/7/2006)
The law of supply and demand applies differently depending on the exact types of goods.
Tuned out (6/22/2006)
The popularity of iPods locks in customer loyalty to the closed iPod-iTunes portable music playing system.