Latest Articles
Happy Returns (3/7/2002)
Returned merchandise that would have been scrapped or sold at big discounts are given a second life after being refurbished with cheap Mexican labor.
Returned merchandise that would have been scrapped or sold at big discounts are given a second life after being refurbished with cheap Mexican labor.
Harvesting the Future (12/21/2001)
Injury victims might be prevented from selling their streams of future settlement payments for a lump sum for fear that they might not spend their quick cash wisely.
Injury victims might be prevented from selling their streams of future settlement payments for a lump sum for fear that they might not spend their quick cash wisely.
Heads I Win, Tails You Lose - Painless Risk Taking (8/31/1999)
The heated stock market for high-tech startups has spawned many newly rich through riskless stock options.
The heated stock market for high-tech startups has spawned many newly rich through riskless stock options.
Why Do Immigrants Own Inner-City Stores? (8/30/2001)
Inner city stores attract immigrant owners who are risk takers and have lower opportunity costs of alternative employment.
Inner city stores attract immigrant owners who are risk takers and have lower opportunity costs of alternative employment.
Insurance at Risk (11/10/2000)
Genetic test results on fatal diseases could lead to adverse selection of membership in life and health insurance if unfavorable results are concealed from insurers.
Genetic test results on fatal diseases could lead to adverse selection of membership in life and health insurance if unfavorable results are concealed from insurers.
Is a Fine a Price? (9/1/2005)
A fine which normally connotes shame can be confused with a price which connotes right if a fine is not properly implemented.
A fine which normally connotes shame can be confused with a price which connotes right if a fine is not properly implemented.
Joint Liability as Loan Collateral (8/16/2000)
The Grameen Bank in Bangladesh uses joint liability as a screening device to overcome insufficient information on the soundness of individual loan projects and to circumvent the dangers of providing loans without collateral among the poor.
The Grameen Bank in Bangladesh uses joint liability as a screening device to overcome insufficient information on the soundness of individual loan projects and to circumvent the dangers of providing loans without collateral among the poor.
