The courts will decide intellectual property rights when they say whether Dov Seidman can trademark the word How and stop Chobani from using How Matters.
Retailers face the prisoners' dilemma when deciding whether to keep next day shipping guarantees on December 23rd because a decision relates to what others do.
Just like grading human capital, ranking college quality through a single number hides the subjectivity of the process.
This week's stories on everyday economics include productivity, externalities, tax revenue, monopolistic competition, international trade and economic forecasting.
Even for a huge multinational like Starbucks, competing globally requires knowledgeable monopolistic competition and knowing local tastes and habits.
Colorado's marijuana growers and dealers are wasting resources because banks and insurance companies will not act as their financial intermediaries.
Unpredictable human behavior for Colorado marijuana sales is but one example of why economic forecasting for tax revenue and GDP is inaccurate.