Almost a year ago, Labubus seemed impossible to escape. They were hanging from bags, appearing across social media, selling out almost instantly, and being resold for far more than their original price. What began as a quirky collectible had transformed into a global craze. In my previous article, Labubu Economics 101, I explored why people…
Economics
Price discrimination
Ever wonder why the student sitting next to you in the movie theatre paid $20 for their ticket while you paid $30? Or why the flight booked three months in advance costs a fraction of the price of a ticket bought a day before departure? No it’s not a systemic glitch, and it isn’t just…