Tuesday's Assorted Links
Medication shortages, credit card delinquencies, subsidized home internet, garbage coins, and reservation wages
Hi y’all! Here are five stories from this week that contained some neat applications of economic principles or are related to teaching:
A record 323 medications are in short supply in the US, including older generic drugs that pharmaceutical companies aren’t incentivized to make [Ars Technica]
Credit card delinquency is at its highest since 2012 [Federal Reserve Bank of Philadelphia]
Millions of Americans stand to lose their subsidized home internet connection this year [Tech Brew]
Americans throw away up to $68 million in coins every year [The Wall Street Journal]
The lowest average salary Americans say they’d accept at a new job is now $81,822, up from $73,391 in November and higher than the nation’s median full-time salary of $60,000 [CNBC | NY Fed Survey]
As the National Football League (NFL) Draft unfolds, it’s not just about which team picks whom—it’s behavioral economics at play. The draft began in 1936 to improve the league's competitive balance, and while it has transformed into a high-stakes media event, underlying it is a rigorous process of limiting asymmetric information.
Asymmetric Information in the NFL Draft
Millions of fans watch, hoping their favorite team will pick a future star. Yet, beneath the surface lies a complex decision-making process involving insights from behavioral economics.
Are you an educator looking for ways to introduce this week’s newsletter into your classroom? Sign up for the Classroom Edition of Monday Morning Economist to get assessments and lesson plans delivered straight to your inbox every week.