Monday, September 2, 2013

Welcome to class and a little seafood

Sorry this welcome is late to y'all: I should've posted last week, but I had a grant proposal due and things got frantic.

Here's some new research: these researchers tried to identify the importance of pollution events on people's willingness to pay for seafood. Unsurprisingly, people want to consume less seafood after than before, but I wonder how long these effects will last. Do you still think about Deepwater Horizon and check to see whether the crabs you bought came fro the Gulf? I doubt it. Still, an example of moving demand curves....