UChicago scholars co-author research that finds prices climbed 12% for washers, dryers
Recent trade wars between the United States and other countries have raised the question: Who pays the price when countries raise tariffs or impose other import duties?(more…)
Are you wooed by advertising? Of course you are. After all, it’s one thing to go out and buy a new washing machine after the old one exploded, quite another to impulse-buy that 246-inch flat screen TV that just maybe, in hindsight, you didn’t really need.
Advertisers come at you in two ways. There is the just-the-facts type of ad, called “logical persuasion,” or LP (“This car gets 42 miles to the gallon”), and then there is the ad that circumvents conscious awareness, called “non-rational influence,” or NI (a pretty woman, say, draped over a car). (more…)