- Who is more likely to self-check, an honest person or someone who is inclined to minor theft if the chance of detection is low?
- When is an honest person more likely to engage in minor theft: when a self-check machine goofs or when they are in front of a cashier?
- Do you think that stores accurately anticipated the additional shrinkage created by self-checking?
A blog for graduate business students taking ECON 610 or similar courses at VCU. The opinions here are mine. No one at VCU reviews or approves what I post.
Showing posts with label All-or-Nothing. Show all posts
Showing posts with label All-or-Nothing. Show all posts
Thursday, February 13, 2020
Adverse Selection, Moral Hazard, and Hidden Costs in the Self-Checking Line
Self-checking makes theft easier (WSJ, Feb. 2020).
Thursday, January 2, 2020
Mattel Commits the Fixed-Cost Fallacy
Mattel increased price for products produced at a plant when transferring one product at the plant increased the average fixed cost for the products that remained (WSJ, Jan. 2020).
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