US EditionThis Summer, Americans Could Be More Affected by Rising Ice Prices than Europeans.
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Contrary to what might be thought, ice prices do not necessarily increase as summer approaches. According to an article published in 2016 in the International Journal of Industrial Organization, it is even the opposite phenomenon that occurs. During exogenous peaks of demand (especially the increased desire for ice when temperatures rise), consumers are more sensitive to rising prices and turn more towards cheaper products. Producers and distrib…
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