Economics

The Business of Armani’s Fashion House

Lynne Kiesling Today’s Wall Street Journal has an interview with Giorgio Armani about the business side of his vastly successful fashion house (subscription required). Coming to prominence in the 1970s and 1980s for soft, yet elegant, tailored fashions for men and women, Armani has extended his name brand to home furnishings, fragrance, makeup, and accessories. …

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Topping the Singles Chart With Online-only Releases

Lynne Kiesling A coda (pun intended) to our music week features comes from this weekend’s Wall Street Journal, which had an article (subscription required) about U.S. hip-hop band Gnarls Barkley. Their single “Crazy” entered the U.K. singles charts at number 1, making this the first song to do so that has only been released on …

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Punish or Perish?

Michael Giberson An article recently published in Science reports on research demonstrating that while many people initially prefer participating in groups without the ability to punish or be punished by others, over time subjects migrate into a group allowing punishment. Or, as the authors — ?zg?r G?rerk, Bernd Irlenbusch, and Bettina Rockenbach — explain it …

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Has the Death of the Music Label Started? Depends on What Kind of Label You Mean

Lynne Kiesling This week is Music Week at KP; we’ll have content on the economics, politics, aesthetics, and culture of music. In part what inspires this week’s focus is some recent new music purchases I’ve made and some of their characteristics. These features indicate some pretty substantial changes in the economics of music creation and …

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That Felt Good!

Lynne Kiesling Phew, it felt good to write a post like that last one. You’ve probably noticed some self-censoring going on here at KP over the past couple of months. The reason for that is that I was doing some expert testimony analysis on a retail competition issue, and felt the need to hold back …

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Evaluating Electricity “Deregulation” in a Period of Rising Fuel Costs

Lynne Kiesling Periods of rising costs make it hard to be a market process supporter. Nowhere is this more true than in electric power, where a century of regulator-regulated co-dependency has created a culture of price control. Right now Maryland is the center of this debate, triggered by economic and political motives, including rising natural …

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