個案總覽

In 2015, the marketing and business developer at Khao Yai Winery in Thailand wondered whether a new excise tax, which the government implemented in 2012, had led to a decrease in sales despite an overall increase in wine consumption in Thailand. Before deciding whether he should lobby the government to lower the excise tax, he tasked three interns to examine how the government's taxes on imported and domestic wines affected the winery. The interns also needed to determine how the government policies would be affected by various elasticities-income elasticities, own-price elasticities, and cross-price elasticities.

The military general is the newly appointed prime minister of Thailand as of May 2014. The country is developing and needs support from its government in making it more efficient. The former prime minister was ousted, after less than three years in office, under the assumption that their government was spending itself into a hole and that the rice subsidy program was inept and hurting the country. The former prime minister was accused of launching the program in large part to win over the farming community and party votes for the August 2011 election. It is now the decision of the new prime minister whether he will continue on with the government purchase of rice, above market price, or should he break the promise made by the former government and stop the subsidy program from continuing.