Latest Articles
Supply-chain Births (6/22/2006)
Caesarean sections, which are preferred for their predictability, are more prevalent when reimbursement policy favors their practice even when they are not medically necessary.
Caesarean sections, which are preferred for their predictability, are more prevalent when reimbursement policy favors their practice even when they are not medically necessary.
The Insecurity of Job Security (6/22/2006)
Life-time job security with generous fringe benefits have increased youth unemployment by discouraging French employers to hire new workers and encouraging them to substitute capital for labor.
Life-time job security with generous fringe benefits have increased youth unemployment by discouraging French employers to hire new workers and encouraging them to substitute capital for labor.
Crystal Ball (6/22/2006)
Better information on risky events may lead to market failure due to adverse selection.
Better information on risky events may lead to market failure due to adverse selection.
Glamour vs Hardship (6/22/2006)
Most glamorous jobs have high average income but low median income while most bread-and-butter jobs have median income that is very close to the average income.
Most glamorous jobs have high average income but low median income while most bread-and-butter jobs have median income that is very close to the average income.
Streaming Revenues (6/22/2006)
Many companies earn more revenues from selling replacement parts than selling the complementary products.
Many companies earn more revenues from selling replacement parts than selling the complementary products.
Bundle of Sorrows (6/22/2006)
Merger between firms making complementary components might be anti-competitive if the merged company can price their bundled products lower than the independent component makers.
Merger between firms making complementary components might be anti-competitive if the merged company can price their bundled products lower than the independent component makers.
Statistical Victims (6/22/2006)
When identifiable victims are involved, people are willing to spend disproportionally more resources to save a few lives rather than spending the same amount to save a much larger number of statistical victims.
When identifiable victims are involved, people are willing to spend disproportionally more resources to save a few lives rather than spending the same amount to save a much larger number of statistical victims.
