Why Popcorn Costs So Much at the Movies

Why Popcorn Costs So Much at the Movies

Popcorn. Costs. SO. MUCH. AT. THE. MOVIES. G. oing to the movies and downing a tub of popcorn and an oversized soda is as American as... well, going to a baseball game and getting several hotdogs and beers. Both outings can now put a ...

Author: Richard B. McKenzie

Publisher: Springer Science & Business Media

ISBN: 9780387770017

Category: Business & Economics

Page: 326

View: 760

This entertaining book seeks to unravel an array of pricing puzzles from the one captured in the book’s title to why so many prices end with "9" (as in $2.99 or $179). Along the way, the author explains how the 9/11 terrorists have, through the effects of their heinous acts on the relative prices of various modes of travel, killed more Americans since 9/11 than they killed that fateful day. He also explains how well-meaning efforts to spur the use of alternative, supposedly environmentally friendly fuels have starved millions of people around the world and given rise to the deforestation of rainforests in Malaysia and Indonesia.
Categories: Business & Economics

Why Popcorn Costs So Much at the Movies

Why Popcorn Costs So Much at the Movies

You won’t need a degree in economics to enjoy this fascinating book, just an armchair and an inquiring mind. "This is one of the very best books on pricing.

Author: Richard B. McKenzie

Publisher: Copernicus

ISBN: 1441926445

Category: Business & Economics

Page: 326

View: 275

This entertaining book seeks to unravel an array of pricing puzzles from the one captured in the book’s title to why so many prices end with "9" (as in $2.99 or $179). Along the way, the author explains how the 9/11 terrorists have, through the effects of their heinous acts on the relative prices of various modes of travel, killed more Americans since 9/11 than they killed that fateful day. He also explains how well-meaning efforts to spur the use of alternative, supposedly environmentally friendly fuels have starved millions of people around the world and given rise to the deforestation of rainforests in Malaysia and Indonesia.
Categories: Business & Economics

The New World of Economics

The New World of Economics

We can imagine that if there were a significant price discount for popcorn for children, enterprising children would buy up extra tubs at ... Still, why so much in terms of price and profit 224 14 Why Popcorn Costs So Much at the Movies.

Author: Richard B. McKenzie

Publisher: Springer Science & Business Media

ISBN: 9783642273643

Category: Business & Economics

Page: 562

View: 510

The New World of Economics, 6th edition, by Richard McKenzie and Gordon Tullock, represents a revival of a classic text that, when it was first published, changed substantially the way economics would be taught at the introductory and advanced levels of economics for all time. In a very real sense, many contemporary general-audience economics books that seek to apply the “economic way of thinking” to an unbounded array of social issues have grown out of the disciplinary tradition established by earlier editions of The New World of Economics. This new edition of The New World will expose new generations of economics students to how McKenzie and Tullock have applied in a lucid manner a relatively small number of economic concepts and principles to a cluster of topics that have been in the book from its first release and to a larger number of topics that are new to this edition, with the focus of the new topics on showing students how economic thinking can be applied to business decision making. This edition continues the book’s tradition of taking contrarian stances on important economic issues. Economics professors have long reported that The New World is a rare book in that students will read it without being required to do so.
Categories: Business & Economics

The Price You Pay A Look at Supply and Demand

The Price You Pay  A Look at Supply and Demand

your friends WHY DOES MOVIE POPCORN COST SO MUCH? Imagine that you and go to a movie. The price of your movie ticket is high. Surprisingly, your bucket of popcorn is the same price! You know that popcorn at the grocery store is much ...

Author: Ryan P. Randolph

Publisher: The Rosen Publishing Group, Inc

ISBN: 9781435802018

Category: Juvenile Nonfiction

Page: 34

View: 568

Consumerism is the cornerstone of the American way. We need things so they're made, we want things so they're made. We work so that we can afford to pay for the things we want and need. This simple principle manifests in many rich and wonderful ways, keeping our country sustained. Books of the Real Life Readers Program use real life scenario narratives to help readers further develop content-area reading, writing, and comprehension skills.
Categories: Juvenile Nonfiction

Watching Films

Watching Films

New Perspectives on Movie-Going, Exhibition and Reception Albert Moran Karina Aveyard ... such as economist Richard B. McKenzie's Why Popcorn Costs So Much at the Movies and Other Pricing Puzzles, but it is certainly a factor that has ...

Author: Albert Moran

Publisher: Intellect Books

ISBN: 9781783201655

Category: Technology & Engineering

Page: 648

View: 533

Whether we stream them on our laptops, enjoy them in theatres or slide them into DVD players to watch on our TVs, movies are part of what it means to be socially connected in the twenty-first century. Despite its significant role in our lives, the act of watching films remains an area of social activity that is little studied and thus, little understood. In Watching Films, an international cast of contributors correct this problem with a comprehensive investigation of movie going, cinema exhibition, and film reception around the world. With a focus on the social, economic and cultural factors that influence how we watch and think about movies, this volume centres its investigations on four areas of inquiry: Who watches films? Under what circumstances? What consequences and affects follow? And what do these acts of consumption mean? Responding to these questions, the contributors provide both historical perspective and fresh insights about the ways in which new viewing arrangements and technologies influence how films get watched everywhere from Canada to China to Ireland. A long-overdue consideration of an important topic, Watching Films provides an engrossing overview of how we do just that in our homes and across the globe.
Categories: Technology & Engineering

Seinfeld and Economics

Seinfeld and Economics

In fact, theaters are so good at extracting dollars from their customers' wallets that economist Richard Mackenzie has devoted a book to the subject: Why Popcorn Costs So Much at the Movies. The biggest hurdle a price discriminator ...

Author: Linda S. Ghent

Publisher: Routledge

ISBN: 9781000178814

Category: Business & Economics

Page: 86

View: 198

As the most successful sitcom of all time, the television series Seinfeld provides a rich environment for learning basic economic principles. Chronicling the lives of four close friends—Jerry, George, Elaine, and Kramer—the show highlights human behavior at its best and its worst. The major characters paint themselves as some of the most self-interested individuals in all of popular culture, and are faced with dilemmas that force them to make decisions. Those decisions are at the heart of economics. Each chapter in this book explores one or more key economic concepts and relates them to key scenes from the show. These principles are then applied to other real-world situations, arming readers with the tools needed to make better economic decisions. Written in a light-hearted and conversational style, this book is a must-read for fans of Seinfeld and anyone who wants to learn something from "the show about nothing." It is an ideal supplement for all economics classes.
Categories: Business & Economics

Predictably Rational

Predictably Rational

I have since followed with a book covering popular topics with an academic thrust of my own, Why Popcorn Costs So Much at the Movies, and Other Pricing Puzzles (2008) that gives rational explanations for the high price of theater ...

Author: Richard B. McKenzie

Publisher: Springer Science & Business Media

ISBN: 9783642015861

Category: Business & Economics

Page: 308

View: 355

Mainstream economists everywhere exhibit an "irrational passion for dispassionate rationality." Behavioral economists, and long-time critic of mainstream economics suggests that people in mainstrean economic models "can think like Albert Einstein, store as much memory as IBM’s Big Blue, and exercise the will power of Mahatma Gandhi," suggesting that such a view of real world modern homo sapiens is simply wrongheaded. Indeed, Thaler and other behavioral economists and psychology have documented a variety of ways in which real-world people fall far short of mainstream economists' idealized economic actor, perfectly rational homo economicus. Behavioral economist Daniel Ariely has concluded that real-world people not only exhibit an array of decision-making frailties and biases, they are "predictably irrational," a position now shared by so many behavioral economists, psychologists, sociologists, and evolutionary biologists that a defense of the core rationality premise of modedrn economics is demanded.
Categories: Business & Economics

Industrial Organization

Industrial Organization

Case 11.2 Why does popcorn cost so much at the movies?35 Popcorn purchased after entering a movie theater is generally priced much higher than in grocery stores. This could be explained by the restriction, or even absence, ...

Author: Paul Belleflamme

Publisher: Cambridge University Press

ISBN: 9780521862998

Category: Business & Economics

Page: 725

View: 418

An innovative graduate textbook that explains modern industrial organization by blending theory with real-world applications.
Categories: Business & Economics

Entertainment Industry Economics

Entertainment Industry Economics

“Wall Street Rethinks Its Role in the Movies,” Wall Street Journal, August 17. Marriott, M. (2004). ... “Music Labels Say It Costs Too Much to Get Songs on Radio,” Wall Street Journal, June 10. Mathews, A. W., Peers, M., and Wingfield, ...

Author: Harold L. Vogel

Publisher: Cambridge University Press

ISBN: 9781139497329

Category: Business & Economics

Page:

View: 553

The entertainment industry is one of the largest sectors of the U.S. economy and is in fact becoming one of the most prominent globally as well, in movies, music, television programming, advertising, broadcasting, cable, casino gambling and wagering, publishing performing arts, sports, theme parks, toys and games. The eighth edition of Entertainment Industry Economics differs from its predecessors by inclusion of a new section on the legal aspects and limitations common to all such 'experience' industries, reference to the emerging field of the psychology of entertainment, partial restructuring and expansion of the music chapter, enhancement of the section on advertising, and broadening of the coverage in the gaming and wagering chapter. The result is a comprehensive, up-to-date reference guide on the economics, financing, production and marketing of entertainment in the United States and overseas, that will interest investors, business executives, accountants, lawyers and arts administrators.
Categories: Business & Economics

Handbook of Research on Developing Sustainable Value in Economics Finance and Marketing

Handbook of Research on Developing Sustainable Value in Economics  Finance  and Marketing

Marketing to Moviegoers – A Handbook of Strategies and Tactics. Carbondale, IL: Southern Illinois University Press. McKinsey, R. B. (2008). Why Popcorn Costs So Much at the Movies and Other Pricing Puzzles. New York, NY: Springer.

Author: Akkucuk, Ulas

Publisher: IGI Global

ISBN: 9781466666368

Category: Business & Economics

Page: 550

View: 493

In an age of rising environmental concerns, it has become necessary for businesses to pay special attention to the resources they are consuming and the long-term effects of the products they are creating. These concerns, coupled with the current global economic crisis, demand a solution that includes not only business, but politics, ecology, and culture as well. The Handbook of Research on Developing Sustainable Value in Economics, Finance, and Marketing provides the latest empirical research findings on how sustainable development can work not just for organizations, but for the global economy as a whole. This book is an essential reference source for professionals and researchers in various fields including economics, finance, marketing, operations management, communication sciences, sociology, and information technology.
Categories: Business & Economics