Archive for the ‘Market structure’ Category

Farmers Hack Their Equipment to Evade Tractor Company Policies   Leave a comment

Statewide Drought Forces Californians To Take Drastic Measures For Water ConversationLink: https://www.marketplace.org/2017/03/27/tech/farmers-hack-their-equipment-evade-tractor-company-policies

Summary: Farmers are hacking into their own tractors in order to fix them, rather than pay for a dealer to fix it for them.  Marketplace introduces this situation and explains why tractor owners aren’t satisfied with this developing market concentration in the repair market and what they hope to do about it. .

Original Air Date: March 27, 2017

Length: 3 minutes 2 seconds

Discussion Question: What impact does forcing tractor owners to go through dealers for repairs do for competition in the market? Who benefits from this system more, the owner or the dealer?

The New Telenovela   Leave a comment

gettyimages-504836746-ea8d257763bce36146e899d1f63c818e35cd4893-s1600-c85-jfifLink: http://www.npr.org/sections/money/2016/08/31/492123182/episode-722-the-new-telenovela

Summary: The fourth most watched network in the United States is Telemundo, partly because of its widely successful Telenovelas.  Planet Money discusses how one Telenovela changed TV, implemented strong women characters and had a connection to the Mexican drug ring that helped bring down the infamous El Chapo.

Original Air Date: August 31, 2016

Length: 20 minutes 32 seconds

The Return of the Colonel   Leave a comment

kfc-photo-61bd6786f4d94ceb7e19d62f8c8cd92f6897aa70-s1600-c85.jfifLink: http://www.npr.org/sections/money/2016/02/17/467108611/episode-684-the-return-of-the-colonel

Summary: Colonel Sanders passed away years ago, which began the strained relationship between KFC Corporate and the KFC Franchises.  After a disastrous Oprah segment leading to a free giveaway, the relationship hit rock bottom.  Planet Money discusses how re-introducing Colonel Sanders (the character), led to happier franchises and more sales for corporate.

Original Air Date: February 17, 2016

Length: 15 minutes 2 seconds

The Miracle Apple   Leave a comment

honeycrisp-5c3b641931b075344e3419366ffbd570686d8cee-s1600-c85-jfifLink: http://www.npr.org/sections/money/2016/10/12/497697621/episode-627-the-miracle-apple

Summary: Years ago, the only classifications for apples was based on color: red, green or yellow.  Planet Money discusses how one researcher from Minnesota changed the apple market by introducing an apple that was actually tasty for retail consumers.

Original Air Date: October 12, 2016

Length: 14 minutes 7 seconds

Discussion Question: By putting a patent or a trademark on a type of apple, how does that affect supply and demand? How does it affect competition in the market?

The Zoo Economy   Leave a comment

nocontestelephants-a8bada5851a464dbde9a4c9ba2c427149ae0c531-s1600-c85-jfifLink:   http://www.npr.org/sections/money/2016/09/09/493295430/episode-566-the-zoo-economy

Summary: Due to regulations and animal cruelty, the market for animals has almost disappeared over the years.  Planet Money discusses how zoos and aquariums use different methods to get their animals without having to pay a single dollar and avoiding a PR disaster.

Original Air Date: September 9, 2016

Length: 17 minutes 22 seconds

The Longest Long Shot   Leave a comment

leicesterLink: http://freakonomics.com/podcast/leicester-city/

Summary: What if the odds of finding Elvis Presley alive were 5000 to 1? You could have had those same odds if you bet on Leicester City to win the most watched soccer league.  Freakonomics discusses the near-impossible story of how this little club pulled off the biggest upset in an environment that rewards those who spend.

Original Air Date: May 25, 2016

Length: 45 minutes 15 seconds

Discussion Question: What behavior is being encouraged by the structure of the English league? Compare it with an American league.  How is competition affected?

Peanuts and Cracker Jack   Leave a comment

untitled 3.pngLink: http://www.npr.org/sections/money/2016/05/06/477082513/episode-700-peanuts-and-cracker-jack

Summary: Planet Money attends a Boston Red Sox game at Fenway Park to learn the economics behind the vendors. They discuss why a vendor doesn’t want to sell ice cold water on a cold October night up in the bleachers.

Original Air Date: May 6, 2016

Length: 21 minutes 31 seconds