By Corrine Bresky With the rise in global urbanization comes new opportunities to transform city functioning in response to population shifts. In 2020, approximately 56.2% of the world’s population resided in urban areas. This number is expected to continue to grow, with projections for 2050 showing an additional 12% of the world in these areas. … Continue reading Smart Cities: A Data-Driven Tool to Solve Urban Challenges
Does Digital Learning Level the Economic Playing Field for Marginalized Groups?
By Andje Louis The internet and related technologies–smartphones, computers, search engines, social media platforms–have become ingrained tools in everyday life. As more services and resources are made available online, digital inequality has come to mirror income and healthcare gaps among the world’s more marginalized populations, such as low-income and underrepresented groups. While most people use … Continue reading Does Digital Learning Level the Economic Playing Field for Marginalized Groups?
Data Science and the Humanities: A Mutually Beneficial Relationship
By: Angel Purganan A popular misconception is that entering a STEM field requires a technical or scientific degree. However, the varying academic backgrounds in today’s tech industry reveal a different reality. LinkedIn data indicates that liberal arts majors entering the technology industry outpaced computer science and engineering majors by 10%. The presence of non-STEM majors … Continue reading Data Science and the Humanities: A Mutually Beneficial Relationship
It’s Time for Local Governments to Comprehensively Embrace the Efficiencies of Remote Work
By: Dr. Samuel R. Staley Now that Gov. DeSantis is moving forward with plans to re-open the Florida economy, it’s time to also think about what Florida’s governments can do to harness technology and remote work to improve productivity and efficiency. While some public officials may see remote work as a temporary, emergency adjustment triggered … Continue reading It’s Time for Local Governments to Comprehensively Embrace the Efficiencies of Remote Work
Raising Minimum Wage Would Hurt Marginalized Workers
By: Jordan Wilson On November 8, Raising Florida’s Minimum Wage Amendment received approval to appear on the 2020 ballot. The amendment, if passed, will raise the minimum wage to $15 an hour in Florida by 2026. With public opinion favoring the passage of the amendment, it is time to examine the impact of the proposed … Continue reading Raising Minimum Wage Would Hurt Marginalized Workers
Kind Snacks Uses Power of Technology to Impact Classrooms
By Gianni Vasquez Not only is making a profit a part of a company’s business model, but creating methods of positive social impact is equally important. This is characteristic of social enterprises such as Kind Snacks LLC, which was founded in 2004 by Daniel Lubetzky, a Mexican-American entrepreneur, author, and renowned activist. The company is … Continue reading Kind Snacks Uses Power of Technology to Impact Classrooms
Corporate Social Responsibility and the Millennial Generation
By Alexis Gimbel The concept of corporate social responsibility, also known as “CSR,” is a company’s efforts to take accountability for its effects on the environment and society. A firm that practices CSR will often operate in a manner that surpasses the business standards required by government regulations. This ideal has led to the development … Continue reading Corporate Social Responsibility and the Millennial Generation
Crony Capitalism and the Rising Price of the EpiPen
By William Reynolds Monopolies are often the by-product of market failures that are induced through crony capitalist policies. Crony capitalist policies are pieces of legislation enacted to benefit politicians and private companies at the cost of the consumers. The ramifications of these policies on competitive markets can be far-reaching, and in certain instances have larger … Continue reading Crony Capitalism and the Rising Price of the EpiPen
Private Companies Partner to Conserve and Purify Water
By Caroline Descorbo Having access to clean drinking water is essential to sustaining human life. According to the Center for Disease Control, 780 million people do not have access to “improved,” or sanitary, sources of water. According to the World Bank, 88 percent of diseases contracted in developing nations can be attributed to unsafe drinking water … Continue reading Private Companies Partner to Conserve and Purify Water
How Technology is Enabling a Revolution in Effective, Efficient Self-Regulation
By Maia Hass As the world becomes more technologically advanced, the online peer-to-peer sharing economy grows with it. In the last decade, digital platforms such as Airbnb, VRBO, and HomeAway have introduced more personalized lodging options. However, the unique features associated with these platforms have raised concerns among consumers and legislators about the lack of … Continue reading How Technology is Enabling a Revolution in Effective, Efficient Self-Regulation
Entrepreneur Develops Technology to Monitor Police Interactions
By Leesa Newbon and Giovanna da Silva Transparency and government accountability are considered essential components to maintaining a healthy democracy and reducing corruption. With the rise of technological advancements in the digital media era, entrepreneurs can facilitate demands for transparency by developing online programs and apps that allow citizens to monitor government institutions and agencies. … Continue reading Entrepreneur Develops Technology to Monitor Police Interactions
Economic Freedom Key to Cities’ Success
By Matt Kelly Economic freedom is the unrestricted ability of people in a country to associate and transact with one another. Measuring economic freedom has become a growing area of academic research. Probably the best known measure is the index constructed for the “Economic Freedom of the World” annual report on 159 countries published by … Continue reading Economic Freedom Key to Cities’ Success
Regulators Adapt to the Sharing Economy
By Matt Kelly The so-called “sharing economy” has revolutionized the way people travel, lodge, eat, and work through companies such as Uber, Lyft, Airbnb, and OpenTable. Buyers and sellers are increasingly transacting on online platforms that use a mix of demand pricing, reputation mechanisms, and computer algorithms to match users. This innovation represents a dramatic challenge … Continue reading Regulators Adapt to the Sharing Economy
FDA Rules May Vaporize The E-cigarette Industry
By Kevin Gomez In the last three years, the electronic-cigarette business has exploded. According to Wells Fargo Securities, the “vaping” industry has gone from estimated revenue of $1 billion in 2012 to $3.5 billion in 2015. Although much more research is needed to assess e-cigarettes health effects, some medical professionals say it is at least … Continue reading FDA Rules May Vaporize The E-cigarette Industry
Taxis and Ridesourcing Companies Serve Different Customers
By Matt Kelly Uber, Lyft, Sidecar, and other “ridesourcing” services have been the subject of a near continuous stream of popular news stories, lawsuits, protests, and even regulatory reforms across the world. The reporting has often bordered on sensationalism, but a handful of recent economic studies have tried to objectively examine the effects of “ridesourcing” … Continue reading Taxis and Ridesourcing Companies Serve Different Customers
New Study Sheds Light on Ridesharing’s Labor Market
By Matt Kelly Few economic issues have been more talked about this year than the disruptive forays into the taxi market by ridesharing technology companies like Uber and Lyft. It seems reasonable to assume ridesharing drivers are of the same ilk as traditional taxi drivers, yet little academic research has been done...until now. A recent … Continue reading New Study Sheds Light on Ridesharing’s Labor Market
FSU Students Learn about Emerging Sharing Economy
By Katie Dawson Last month, the DeVoe L. Moore Center had the opportunity to co-sponsor a one-day conference with the Foundation for Economic Education (FEE) at Florida State University. FEE is an organization dedicated to educating individuals on free-markets and economics in a way that is both easily digestible and interesting. On February 28, their … Continue reading FSU Students Learn about Emerging Sharing Economy
Florida Legislators Seek To Clarify Ridesharing Regulations
By Matt Kelly The ridesharing technology company Uber has created quite a controversy overthe past year for its unprecedented disruption of the traditional taxi industry. Users praise the California-based company for shorter wait times and cheap fares, along with features like its driver rating system. Given the mobile app’s popularity with customers, many are now … Continue reading Florida Legislators Seek To Clarify Ridesharing Regulations
Do UberX Driveres Really Earn Three Times More than Taxi Drivers?
Original post date: September 16, 2014 Article by: Ben Douglas In May, Uber revealed annual median incomes for UberX drivers in New York and San Francisco of $90,766 and $74,191, respectively. In contrast, 2013 median annual taxi driver incomes in New York and San Francisco are $29,910 and $28,060 according to the Bureau of Labor … Continue reading Do UberX Driveres Really Earn Three Times More than Taxi Drivers?
Solar Energy Users Left in the Dark by Utilities
Original post date: February 06, 2014 Article by: Anonymous Solar powered homes are becoming increasingly ubiquitous as US citizens move toward more environmentally sustainable ways of using energy. In 2013 rooftop solar systems were being installed at a rate of one new installation every 4 minutes. Although the Obama Administration is pushing for public and … Continue reading Solar Energy Users Left in the Dark by Utilities
Obamacare Opens Up New Opportunities for Profit
Original post date: December 03, 2013 Article by: Anonymous The Affordable Care Act has many flaws and critics, but entrepreneurial individuals have found a way to profit from the law, and investors are eager to take advantage of these openings. With new online exchanges, new policies and regulations, and millions of individuals affected, several service … Continue reading Obamacare Opens Up New Opportunities for Profit
Transit as an Inferior Good
Original post date: November 25, 2013 Article by: Ben Douglas 6/6/2023 Edits: Some links that were no longer working have been fixed. Mass transit is frequently accompanied by mass-subsidization, cartelization, and monopolies. This chronic need for artificial support might be an indication of its inherent inferiority as an economically valued good or service. If consumers … Continue reading Transit as an Inferior Good
Customers Rise Up to Support Taxi Innovator
Original post date: November 19, 2013 Article by: Ben Douglas 6/6/2023 Edits: Some links that were no longer working have been fixed. Finding a more textbook example of regulatory capture than the taxicab industry is difficult, as the case of the innovative on-demand taxi service Uber clearly demonstrates. Despite the highly regulated nature of the … Continue reading Customers Rise Up to Support Taxi Innovator
Entrenched Interests Fight Innovation in Taxi Industry
Original post date: November 19, 2013 Article by: Ben Douglas 5/24/2023 Edits: Some links that were no longer working have been fixed. A revolutionary new smartphone app is changing the nature of the taxicab business, but stiff opposition from entrenched taxi companies risks keeping their innovations from benefiting customers. Uber is a venture-capital funded startup … Continue reading Entrenched Interests Fight Innovation in Taxi Industry
Will Elon Musk’s Hyperloop Doom High-Speed Rail?
Original post date: August 15, 2013 Article by: Sam Staley Elon Musk unveiled his pneumatic tube inspired Hyperloop, a “fifth mode” of transportation that he hopes will revolutionize intercity travel on Monday. His “technical paper” sketches out the engineering and technical plausibility of the concept, and the proposal seems surprisingly robust as I point out … Continue reading Will Elon Musk’s Hyperloop Doom High-Speed Rail?
Path Dependence, Entrenched Interests, and the Future of Transit
Original post date: April 09, 2013 Article by: Anonymous Path dependence: The tendency of a past or traditional practice or preference to continue even if better alternatives are available. Mortimer L. Downey has worked in New York's Metropolitan Transit Authority (MTA) and the Washington Metropolitan Area Transit Authority (MATA), and was one of several presenters at a May … Continue reading Path Dependence, Entrenched Interests, and the Future of Transit