Podcast note: Please enjoy this episode from season two of The Pie, an economics podcast from the Becker Friedman Institute for Economics. Subscribe where you get your podcasts, or at thepie.uchicago.edu.

In this episode, we’re talking about guns. Chicago Booth economist Brad Shapiro has quantified—for the first time—American consumer demand for guns, and how that demand shifts in response to different regulations, including bans and taxes. He was surprised by some of the findings, which offer new and important insights for ongoing gun policy debates.