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Prof. Austan Goolsbee


Self Description

Third-Party Descriptions

December 2013: 'Wedding vendors seemed to be trying to size me up to figure out how much I’m willing to pay; consumer advocates say this is a common practice, as is charging more for a given service for a wedding than for a “family function” or “corporate event.” Austan Goolsbee, an economics professor at the University of Chicago Booth School of Business, recalls that when he was married over a decade ago, one caterer initially quoted him about $60 a head, and then jacked up the price to about $90 per person after realizing the function was a wedding. These are forms of what economists call price discrimination; it sounds unfair, but it’s perfectly legal, and it’s easier to get away with in markets where there’s little price transparency and consumers are relatively uninformed.'

http://www.nytimes.com/2013/12/08/magazine/the-wedding-fix-is-in.html

February 2005: "Citing a study by University of Chicago economist Austan Goolsbee, Reid and many other Democrats argue that New York money managers will profit handsomely if millions of Americans start investing their payroll taxes in stocks and bonds."

Relationships

RoleNameTypeLast Updated
Student/Trainee (past or present) MIT (Massachusetts Institute of Technology) Organization Dec 16, 2013
Employee/Contractor/Fellow/Freelancer (past or present) University of Chicago Organization Oct 31, 2005
Organization Head/Leader (past or present) White House Council of Economic Advisers (CEA) Organization Dec 16, 2013
Student/Trainee (past or present) Yale University Organization Dec 16, 2013

Articles and Resources

Date Fairness.com Resource Read it at:
Dec 03, 2013 The Wedding Fix Is In

QUOTE: Wedding vendors seemed to be trying to size me up to figure out how much I’m willing to pay; consumer advocates say this is a common practice, as is charging more for a given service for a wedding than for a “family function” or “corporate event.”...forms of what economists call price discrimination; it sounds unfair, but it’s perfectly legal, and it’s easier to get away with in markets where there’s little price transparency and consumers are relatively uninformed.

New York Times
Feb 27, 2005 Partisan Social Security Claims Questioned: Budget Experts Say Both Sides Flawed

QUOTE: As the two political parties would have it, Social Security is either careening toward catastrophe or is on as solid financial footing as it has ever been. Both sides have marshaled -- or twisted -- facts and figures to back up those seemingly irreconcilable views.

Washington Post