Do We Travel to Get There or Get There to Travel?
It doesn’t take a Ph.D. in transportation to demonstrate that you go someplace because you want to get there. But it definitely helps to have a Ph.D. if you want to demonstrate that you get someplace because you want to go. This far less intuitive hypothesis has been explored by Patricia L. Mokhtarian of the University of California at Davis, one of my favorite transportation thinkers, and her collaborators. Read More »
Behavioral Economics, the Law, and the Regulators
Truth on the Market is hosting an online forum on behavioral law and economics, the “Free to Choose?” symposium. So far, people like David Levine, Ronald Mann and Christopher Sprigman have taken their turns. Read More »
Changing the Hotel Pricing Model
I spent three nights recently in the guest house at Hitotsubashi University in Tokyo. Very pleasant – and it was priced at $20/night (obviously heavily subsidized). In addition, however, there was a one-time $16 charge for cleaning at the end of my stay. Read More »
Ivy League Drug Dealers
What’s a big-enough incentive for an Ivy League student to allegedly start selling narcotics? The best people to answer that question would seem to be Chris Coles, Harrison David, Adam Klein, Jose Stephan Perez, and Michael Wymbs, five Columbia University students who were busted yesterday for being part of a campus drug ring. Read More »
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