Managerial Econ

Funding early stage ventures presents a HUGE adverse selection problem :   How do capitalists find the twenty-something entrepreneur committ...

Each year, I begin teaching capitalism to our executive MBA's at the conference center in historic New Harmony, site of a failed sociali...

President Trump has overhauled private health insurance , allowing businesses to offer cheaper plans that do not have as many benefits.  The...

Historically ( link ), Shiller's P/E ratio (CAPE) looks high (Sept 24, 2019) but if I really knew I wouldn't be teaching school......

I love this screenshot I recently came across. Even crows respond to incentives.

Not as bad as in 2008, but historically high relative to renting.  In the long run the prices should be close (Chapter 9). Housing price...

The strengthening dollar could represent Chinese buying dollars to invest in US, to either make sure that Chinese exports stay cheap, or ...

In an earlier post, Can Price Discrimination Survive Competition , we showed that airline price discrimination was dramatically reduced foll...

The NY Times Magazine outlines the tradeoffs that make it difficult for college admissions departments to admit deserving students and pay ...

...by ignoring their costs. On Thursday evening, The Washington Post reported that some members of Sanders' campaign have been lobbyi...