Jyn and Cassian are trying to get to Saw Gerrera and they are watching a destroyer ship picking up illegal cargo to power the Death Star; this is because Saw is attacking the cargo ships and since they are illegal goods, they must defend themselves as opposed to going to the authorities. Black Markets occurContinue reading “Jyn And Cassian Watch Black Market (Star Wars – Rogue One: A Star Wars Story)”
Category Archives: Demand/Supply/Markets
Jabba Negotiating for Chewbacca (Return of the Jedi)
Jabba and the bounty hunter (who’s really Princess Leia) are bargaining over Chewbacca. This shows how two parties may bargain and negotiate by going back and forth and by placing values they are willing to accept in the transaction. These values are achieved by each party determining their Best Alternative To a Negotiated Agreement (BATNA),Continue reading “Jabba Negotiating for Chewbacca (Return of the Jedi)”
Han and Jabba Bargain (A New Hope)
JJabba The Hutt expresses his disappointment in Han Solo for being late with a payment. Han is one of Jabba’s smugglers in the illegal goods market and recently dropped his cargo at the sight of an imperial starship, which lost Jabba money. To alleviate Jaba’s disappointment Han offers to not only pay him back butContinue reading “Han and Jabba Bargain (A New Hope)”
Luke purchases R2-D2 and C-3PO (A New Hope)
Luke and Owen switch the R2 units they wish to buy when a single part fails. A truly rational decision would factor in the expected failure of all parts; however, such an investigation would be too costly and they are limited to the knowledge that they have at hand. Thus they are using bounded rationality,Continue reading “Luke purchases R2-D2 and C-3PO (A New Hope)”
Luke Sells His Speeder (A New Hope)
Luke must sell his automobile in order to hire a pilot and ship to fly himself and Obi-Wan. Luke doesn’t get much in return for selling his automobile though since a newer model was released and they’re not in demand anymore. This is due to the increased demand in similar but newer and perhaps improvedContinue reading “Luke Sells His Speeder (A New Hope)”