Managerial Econ

One reason demand curves slope downward is that people tend to tire of repetition. This is what Mark Twain discovered hiking in Swiss Alps T...

Occupational licensing is often used to exclude potential competition. However, it is only as effective as it is enforceable. 

Is narc'ing on your competition the prisoners' dilemma equilibrium?

  Providers of complementary services can increase demand by reducing the search costs of shared customers. Perhaps colocation will suffice ...

  The implied joke is ironic, albeit wrong, as it implies there is a correlation between confusion and dying.  Rather the correlation is zer...

When the CEO left the company, he gave his successor three envelopes to open when she encountered challenging problems. When she ran into tr...

A much undeserved constituency finally gets some love . ;-) Hug An Economist Day The U.S. celebrates Hug An Economist Day on January 31 eac...

Scientific American Ad from 1997, here is the link .  I wonder how many people bought the product based on the Ad?

 Competition seems to be heating up.

Principal/Agent Problem: Your "employees" can be bribed by those they are supposed to protect you against.

...by typing their names in a larger font, bold, capitalized, italic, or underlined, on their resume's.  The hypothesis that success i...

6.  Teens are protesting in-class presentations .  ““Nobody should be forced to do something that makes them uncomfortable,” says Ula, a 14-...

The problem with fiat currency, backed by nothing but the faith that it is valuable, is that the monetary authority will print more of it....

Someone is having some fun over at " Mail Order Husbands " which appears to be a spoof on the notion of mail order brides. Perhap...

At what wage rate do you no longer hire a guy to twirl your sign for you?

The Simpson's Mister Burns sells outsourcing to his workers.