My Summer Vacation

Media Type: Music Topic: Incentives, Behavioral Economics

Ice Cube

Click here to listen to this song.

In “My Summer Vacation,” Ice Cube describes selling drugs in St. Louis. Why were financial profits so much higher in St. Louis in the short-run than in Los Angeles? What happened to the profitability (loosely defined) of this activity in the long-run? Does the illegality of the market change anything about the incentives to enter and the required profit rates needed to stay in business?

Available on iTunes Available on
Your Thoughts
Was this helpful to you?
(1 votes)
Related Content

What People are saying...

Who's Dirk?
More on the man, himself. Meet Dirk
Econ Media Library
Check out multimedia tools, videos and more in our Media Library