Professor Mark J. Perry's Blog for Economics and Finance
At the Broker's Bier Börse in Berlin, East meets West, supply meets demand, and the customer meets market forces. Beer prices are displayed on electronic scoreboards and prices fluctuate depending on the demand. The more beer people order, the higher the cost ... the less they buy, the lower the price. See a Yahoo Travel report here, and a Freakonomics post here.
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
1 Comments:
Until I stumbled onto your blog, I had no idea economics was a fascinating discipline. I can't stop reading post after post. Wow. Your students are lucky to get you.
K
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