October 6, 2014
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.
October 3, 2014
Even for a huge multinational like Starbucks, competing globally requires knowledgeable monopolistic competition and knowing local tastes and habits.
October 1, 2014
Unpredictable human behavior for Colorado marijuana sales is but one example of why economic forecasting for tax revenue and GDP is inaccurate.
September 29, 2014
Good for the environment and innovation and a concentrated labor pool, top cities like Austin, Portland and Honolulu create positive externalities.
September 26, 2014
Human capital formation involves a combination of warmth and competence that results in doing a job effectively and communicating well also.
September 25, 2014
September 23, 2014
Expensive for the U.S. mint and worthless to consumers, the penny still remains a part of the U.S. money supply although phase-out laws have been proposed.
September 22, 2014
September 21, 2014
Although the gender pay gap can be women earning 78 cents for every dollar a male earns, the data, depending on so many variables, is more complicated.
September 19, 2014
The ebola epidemic will affect Liberia's GDP growth rate through the illness itself and the ripple of fear that hits households, businesses and government.
September 18, 2014
In conference calls with investors and analysts during the great recession, CEOs expressing curse words more frequently could be an economic indicator.
September 16, 2014
Structural change in the economy involves new technology replacing old and eliminating jobs like milkmen, icemen, gas lamplighters and typists.