Wii Shortages and Myths (Pertinant to Econ 102)

Last Christmas there was a bit of talk on the shortage of Wii’s. There are a number of examples where people claimed Nintendo intentionally withheld supplies, I’ll highlight one made at EveryJoe: Nintendo claims the shortage is not manufactured as one might wonder.  While Nintendo claims a manufactured shortage is not good business, it does […]

Applied Microeconomics

From a series of forum posts: Person 1: I wasn’t all that impressed with [Johnny Walker] Blue… it seemed to go so far down the “how smooth can we make it” path that it didn’t have a whole ton of personality… Person 2: People don’t drink Johnny Walker Blue because they like it… people drink […]