Math Geek Mom: “That Sunk Theory”

By Rosemarie Emanuele. Years ago, a former student told me that he suspected that I found examples of Economics everywhere I looked, which is basically true. I thought of this comment a few weeks ago when one of the top economists in my sub-field sent me a reference to the classic paper “A Disneyland Dilemma: Two-Part Tariffs for a Mickey Mouse Monopoly” when he heard that I would be going to Disneyworld for my daughter’s spring break. Read more...