Tuesday's Assorted Links
US beer sales, remote work, Beyonce, Netflix restaurant, and junk fees
Hi y’all! Here are five stories from this week that contained some neat applications of economic principles or are related to teaching:
Modelo Especial is now America’s top-selling beer, dethroning Bud Light which previously held the top spot since 2001 [The Wall Street Journal]
In 2018, Tulsa incentivized remote workers to relocate to the city for a minimum of one year by offering them $10,000; impressively, 90% of participants upheld their commitment, and 76% made the move permanent [Vox]
Sweden's central bank blames Beyonce for keeping inflation too high [The New York Times]
Netflix will open a restaurant that serves food from ‘Chef’s Table,’ ‘Nailed It!’ and more [Tech Crunch]
Ticketmaster and SeatGeek commit to an all-in pricing model after criticism mounts in regard to “junk fees” [The Hollywood Reporter]
A Finnish multimillionaire businessman received a staggering €121,000 speeding fine, calculated as a percentage of his income. This sparks a discussion on Gary Becker's rational model of crime and the factors influencing criminal decision-making.
The Millionaire’s Speeding Fine Explained With Economics
In a recent story that made waves around the world, a multimillionaire businessman in Finland was slapped with a jaw-dropping €121,000 speeding fine for driving 30 kilometers over the speed limit. What makes this penalty so intriguing is that in Finland, fines are calculated as a percentage of the offender's income. It's an approach that provides us wit…