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Archive for November 12th, 2007

Doctors Don’t Offer Free Check-Ups

Monday, November 12th, 2007

In the comments section of Asymmetric Information: Car Trouble, laura notes that: “…the extra money they [mechanics] charge may be a reasonable part of return of the work they did for getting the information we do not have” She makes a valid point that mechanics need to be compensated for their knowledge of car problems.  […]

Coffee Shop Discrimination

Monday, November 12th, 2007

I’m always a little suspicious of research studies looking for discrimination in a competitive market.  So, when I read Tim Hartford’s piece over at Slate examining research out of Middlebury College on whether coffee shops discriminate against women, I wanted to take a look at the study. Caitlin Myers from Middlebury College had five undergraduate […]