Last September, I wrote a post about group buying and how it had been transformed by the web, much like auctions found a new audience with eBay, etc... In that post, available here, I identified five benefits that firms could accrue from joining group buying schemes, namely: 1. Moving old stock 2. Attracting new customers … Continue reading Groupon, Optimism and Procrastination

It is a puzzling but frequent behaviour: low-income individuals often spend a proportionally higher percentage of their earnings in high-status goods than their wealthier counterparts. The result? Cumulative levels of debt and stress, sometimes spiralling out of control. What can explain high levels of conspicuous consumption among those that can least afford it? One explanation … Continue reading Self-esteem on sale?