Tuesday's Assorted Links
Electronic price tags, cable television, educating billionaires, hidden home expenses, and movie theaters
Hi y’all! Here are five stories from this week that contained some neat applications of economic principles or are related to teaching:
Walmart will add electronic shelf labels to more than 2,000 stores by 2026, cutting the time it takes for workers to change prices from two days to a few minutes [Retail Dive]
A data-driven exploration of the rapid decline of legacy television [Stat Significant by ]
Nearly a fifth of billionaires went to just 5 colleges [Quartz]
A typical single-family home in the US now costs over $18,000 per year in “hidden expenses” [Bankrate]
Sony Pictures became the first movie studio to own a theater chain in 75 years [The Hollywood Reporter]
Imagine a sunny day at the ballpark, standing in line for your favorite snack: nachos. But have you ever wondered why those cheesy, jalapeño-topped nachos are on every menu? Meet Ricos, the company that's dominated the stadium nacho market. Learn how this small family business turned stadium nachos into an iconic game-day treat using economics:
How Ricos Dominates the Stadium Nacho
Chances are, those gooey, cheesy, jalapeño-topped chips you grab at the ballpark are from one company that has pretty much cornered the market. How did this happen? How does one company dominate the stadium nacho scene?
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Will electronic price tags (and QR code menus) mean an end to menu costs? I am definitely adding this to my inflation notes. Great stuff as always!