Managerial Economics Data Collection
Jason Beck, Assistant Professor of Economics & Econ 3500 Managerial Economics
Dr. Jason Beck, Assistant Professor of Economics, involved undergraduates in his ECON 3500: Managerial Economics class collecting data for study of the effect of geographical proximity of competitors on retail price in the supermarket business. The hypothesis was that, controlling for other factors, stores with competitors very close by would have lower prices than those that were more isolated. Each student picked a supermarket and collected pricing data, then they aggregated it all together and analyzed the findings as a class. One student in the econometrics class continues working with Dr. Beck on this project.