After reading the title of my last post, a few people mentioned to me that they thought I was going to talk about how I could sell cuddle time with our daughter. That wasn't the point of that post, but it IS the point of THIS post.
So - if we were to sell culddle time with our daughter, what would be the going rate?
Leave a comment below (on fb or on this blog). If the demand is high enough, we might start charging. Profits would be put towards a college fund. After expenses have been taken out, of course. Babies aren't free!
skip to main |
skip to sidebar
Want to see more specific information about the sites? View Places to Visit in Bahrain in a larger map. You may be surprised at what fantastic things there are to do and see!
witty follow-up phrase
Pages
About This Blog
I live in Bahrain with my wife Alison and our children Eva and Gabe. This blog is about our exploits and daily lives, observations about living in Bahrain and random thoughts.
Pray for Bahrain
Our church has set up a website to help guide people in praying for Bahrain
Sign of for a time, contribute a prayer, or let other people's prayers guide you.
Ahmed's Translations
A blog that is translating documents about Bahrain by Bahrainis from Arabic to English. All translation work is done by my friend, Ahmed.
Places to Visit in Bahrain
Want to see more specific information about the sites? View Places to Visit in Bahrain in a larger map. You may be surprised at what fantastic things there are to do and see!
Bible Gateway
Websites of Interest
Regular Readers
My Family - 2012
My Family - 2011
My Family - 2010
My Family - 2009
My Family - 2008
Categories
- alison (31)
- animals (1)
- baby (13)
- Bahrain (35)
- books (1)
- change in bahrain (4)
- culture (16)
- David's Projects (7)
- economics (3)
- Eid Al Adha (5)
- Eva (31)
- Exploring Bahrain (3)
- family (28)
- Gabe (8)
- geography (2)
- Grandma and Grandpa (3)
- holidays (12)
- Iraq (1)
- Jesus on Fasting (3)
- Kurdish Iraq (1)
- Laws of Perkins Dynamics (1)
- life in Bahrain (38)
- LOST (1)
- Moral of the Story (1)
- Parables in Bahrain (2)
- parenting (4)
- physics (1)
- pictures (15)
- politics (19)
- Ramadan (5)
- school (21)
- Stephen's Projects (3)
- summer (4)
- theology (3)
- things I've learned (32)
- travel (28)
- Untranslateable Words (1)
- videos (2)
- work (6)
Our Weather
Where Readers Come From
How Many People Have Come
2011 (c) Copyright Deep, Thought Provoking Title. Powered by Blogger
1 comment:
As a good economist, Josh, you know that at lower prices more cuddle time with Eva will be demanded than at higher prices. However, since demand for Eva is relatively inelastic -- there are few available substitutes; the cuddle price would be a relatively small portion of people's incomes; she's addictive -- you could probably raise the price and see an increase in revenue from Eva cuddles.
Eva's cuddle supply is also perfectly inelastic -- there is only one Eva -- over which you have monopoly power. You could restrict the supply of cuddles with Eva and watch the equilibrium price rise to where you desire, sort of like a new OPEC: The Organization for Proliferation of Eva Cuddles.
However, as more and more cute babies populate Saar Fellowship -- your own eventual second child among them -- you may find that the demand for particular cuddle time with Eva becomes a bit more elastic -- there will be more available substitutes, and people can adjust their Eva addictiveness in the long-run.
At this point, you'll want to lower your price to see an increase in revenue. You might also have to consider firm behavior in a more monopolistically competitive market structure. You may have to differentiate your daughter from others, perhaps through informative or persuasive advertising, e.g., "Our daughter is gifted" or "3 out of 4 people surveyed prefer cuddles with Eva".
Of course, there will always be a select few -- myself included -- whose brand loyalty to Eva cuddles will remain strong.
Post a Comment