In a recent video Gulnara gave us some background of haggling in the former Soviet Union, and we tried to understand some of the way we could evaluate whether it is “good or bad” beyond the standard “haggling allows for optimal price discovery” vs “haggling adds transaction costs to trading”. The video can be found here.
For those who don’t like video and just want to read the text, it can be found below.
Read moreIn a recent video we’ve chatted about why cold and flu medication may be cheaper in winter than in summer – something that may seem a bit counter-intuitive. This was an issue discussed back in 2008 here and here.
For those who aren’t keen on listening to videos, I’ve popped the transcript just below 😉
Read moreAs part of our “Data and aggregates” playlist for macroeconomics we’ve added a video on GDP as income, and how to think about other national accounts measures in terms of income – after all, in some circumstances different measures can make more sense for a given question.
For those who don’t want to listen to a video, we’ve popped the script below.
Read moreGulnara keeps telling me that she needs to go shopping – but of course there is a nationwide quarantine so she’s stuck at home listening to me.
Although I feel some sympathy with her situation, I was worried that I will get dragged all around the place when we do go shopping in the future – and so we’ve gone online to look at Google Maps to figure out where we’ll need to walk. Having a look it appears we won’t have to walk around that far – as the clothing and perfume stores with amazing interior signage projects.
So why is this?
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