Looking back at gasoline prices that teenagers pay when they get their driver's license, we see an impact on their driving behavior.
Much more than if the McDonald's McRib were always available, its demand soars because of limited availability each year.
Connecting economics, current events, and history, this week's economic news roundup ranges from tipping behavior and missing jobs to airport navigation.
While library late fees are supposed to be incentives that encourage us to return books, instead they have unintended consequences.
To explain what has been called an egg glut, we can look at egg laying hens, at the changing number of eggs they produce, and at our egg consumption.
Because tipping behavior reflects a social norm, many of us know the amount we are supposed to leave but we don't necessarily do it.