As we’ve grow to be extra vigilant in our try and revive worth concept, we’ve been trying again by means of the archives for supporting materials, and this early EconTalk episode with Richard McKenzie was on the high of our record! (We advocate McKenzie’s e-book Why Popcorn Prices So A lot on the Films, too!)
We invite you to pay attention (or re-listen!) to this basic episode, and share your responses to the puzzles beneath. (Bonus factors should you embrace graphs!)
1- The dialog begins with a dialogue concerning the excessive worth of water in California. Why is the worth of water so excessive, if not for a scarcity of rainfall?
2- How does flood insurance coverage nearly assure extra flood harm, and why is flood insurance coverage usually cheaper in a flood zone?
3- McKenzie argues that terrorists killed extra Individuals after the 9/11 assaults. How may this be?
4- What explains steep worth declines in retail after Christmas? Notice that Roberts and McKenzie disagree on this reply. What’s the nature of their disagreement? Whose answer do you like, and why?
This query, much more than the others, could strike you as old-fashioned. So I requested Richard McKenzie how he may replace this story. McKenzie just isn’t conscious of any follow-up research of this nature significantly with regard to freeway deaths. He no wonders why there have been no follow-up research on freeway deaths, particularly given how rather more complicated econometrics is immediately than instantly after 9/11? What would you say the reply to McKenzie’s new query could be?
5- Lastly, and in a nod to the title of McKenzie’s’ e-book, why does popcorn price a lot on the films? How may this relationship have modified since this episode aired, significantly given the arrival of streaming?
