The Economics Of Reindeer

December 25, 2013 in Daily Bulletin

As it turns out that not even reindeer magic can defy the laws of supply and demand, at least according to Vickie Elmer:

  • The supply of reindeer is falling due to habitat loss.
  • Regulations and disease management rules have also restricted supply.
  • This has caused prices to surge – with hourly rates reaching up to $300 an hour and minimums as high as $1,700.
  • Even then owners of reindeer say they are double and triple booked.

Read more about the steps that have to be taken to ensure that the reindeer don’t hurt people with their sharp antlers and more over here.

Source: Quartz