By suspending the SAT and ACT, Ivy League colleges diminished transaction costs and made it easier to apply.
April 2, 2021
March 26, 2021
The product differentiation that led everyone to love bucatini also created a mystery when it disappeared from supermarket shelves.
March 19, 2021
Sometimes competition can determine how a fast food firm like Subway behaves.
March 12, 2021
The tragedy of the commons explains why avocados can be more important than elephants.
March 5, 2021
Because of the Observer Effect, athletes’ performance could change when fans affect their human capital.
February 26, 2021
Even though it does not really exist, a Marvel superhero is intellectual property that a company like Disney can own.
February 8, 2020
When the development of cellophane let us have self-service food shopping for meat and produce, it started a retailing revolution that economists call creative destruction.
May 16, 2012


