Latest Articles
The Snowball Effect (11/9/2001)
Knowledge-based industries subject to increasing returns because of high R&D fixed costs and low variable costs naturally tend to monopolize the market.
Knowledge-based industries subject to increasing returns because of high R&D fixed costs and low variable costs naturally tend to monopolize the market.
The Truncated Job Ladder (9/5/2005)
The job ladder that has been truncated from the bottom and from the top means longer formal education to get to the bottom of the ladder and more limited promotion prospects once on the ladder.
The job ladder that has been truncated from the bottom and from the top means longer formal education to get to the bottom of the ladder and more limited promotion prospects once on the ladder.
Time Rich or Time Poor? (11/9/2001)
Proliferation of e-government services may exacerbate the digital divide between technology haves and have-nots.
Proliferation of e-government services may exacerbate the digital divide between technology haves and have-nots.
Unsinkable Sunk Cost (6/17/2004)
Health club usage patterns clearly show that members are emotionally attached to sunk cost even though most economists think that rational incremental decisions should only compare marginal benefit with marginal cost.
Health club usage patterns clearly show that members are emotionally attached to sunk cost even though most economists think that rational incremental decisions should only compare marginal benefit with marginal cost.
Value vs. Weight (9/8/2000)
The weight per dollar of the growing national output has been decreasing due to the embodiment of more advanced technology in the physical product and the higher-valued service components bundled with it.
The weight per dollar of the growing national output has been decreasing due to the embodiment of more advanced technology in the physical product and the higher-valued service components bundled with it.
Virtual Scalping (6/21/2004)
Sports teams and other entertainment promoters use online secondary ticket auction market to compete with scalpers while sticking to uniform pricing for the primary market.
Sports teams and other entertainment promoters use online secondary ticket auction market to compete with scalpers while sticking to uniform pricing for the primary market.
Vitamin Inc. (3/22/2005)
Mature oligopoly with a few large producers of homogeneous commodities is driven to output and price fixing to increase their profit.
Mature oligopoly with a few large producers of homogeneous commodities is driven to output and price fixing to increase their profit.
