Category Archives: "Economics riddles"

Economics Riddle #4

December 3, 2008 – 1:43 pm

This one from a reader:
Why do (or more accurately did) banks pay gardening leave in Australia?
Note: Gardening leave: when someone leaves a financial organization, they are paid by the company they are leaving to not work for a competitor for a period of time - usually 3 - 9 months. Hence they are paid to [...]

By austro-libertarian | Tagged , | Comments (1)

Economics Riddle #3

November 26, 2008 – 2:34 am

Why do rental car companies impose no charge for cancelling a booking at the last minute, unlike airlines that can impose significant cancellation charges?

By austro-libertarian | Tagged , | Comments (4)

Economics Riddle #2

November 21, 2008 – 10:58 am

Why do convenience stores (e.g., 7-11) that are open 24-hours, every day of the year, have locks on their doors?

By austro-libertarian | Tagged , , | Comments (6)

Economics Riddle 1: Brides and Grooms

November 20, 2008 – 12:46 pm

I have decided every so often to post an “economics” question, akin to a riddle, meant to stimulate thinking. Once we generate some comments (traffic will ramp up eventually here), I’ll post my solution. So here goes:
Why is it that brides buy their wedding dresses when they will only wear them once, while grooms rent their [...]

By austro-libertarian | Tagged , , | Comments (5)
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