December 06, 2008
Pee Wee Discovers Consumer Surplus
Last night, my family took in Callaway Gardens' Fantasy in Lights outdoor Christmas light show. (I was giving an early morning talk there today so I had to drive down last night; the family came along because my wife has wanted to see the show for several years.) The price for the three of us was about $45 and one of us remarked that the show seemed fairly expensive for an outdoor light show. About halfway through the show--which was spectacular--Pee Wee blurts out "this show is cool, they should have charged us more." Economics from the mouths of babes ...
Posted by E. Frank Stephenson at 10:58 PM in
Economics