Latest Articles
Water Disputes in California (4/14/2000)
Ambiguous property rights and high transaction costs may scuttle beneficial exchanges.
Ambiguous property rights and high transaction costs may scuttle beneficial exchanges.
Roemer's Law of Demand (9/7/2005)
Supply may induce its own demand where a third party practically guarantees reimbursement of usage.
Supply may induce its own demand where a third party practically guarantees reimbursement of usage.
The High-Tech Treadmill (6/22/2001)
The profit of New Economy business firms that have very high R&D fixed costs and very low marginal costs is brutally squeezed in economic downturn.
The profit of New Economy business firms that have very high R&D fixed costs and very low marginal costs is brutally squeezed in economic downturn.
Patently Deadly (3/7/2002)
Granting patents to biotechnology discoveries encourages inventions but could delay the introduction of competing products.
Granting patents to biotechnology discoveries encourages inventions but could delay the introduction of competing products.
Airlines in Asia Offer Personalized Prices by Age, Race, Gender (1/23/1999)
Airlines in Asia Offer Personalized Prices by Age, Race, Gender.
Airlines in Asia Offer Personalized Prices by Age, Race, Gender.
Is Japan Saving Too Much? (6/29/1999)
Japan's economy is stuck in a prolonged stagnation because consumers' disposable income is too low and business saving is too high.
Japan's economy is stuck in a prolonged stagnation because consumers' disposable income is too low and business saving is too high.
When a Vice Becomes a Virtue - Is The U.S. Saving Too Little? (6/29/1999)
Low saving rate in the US has kept the weak global economy afloat by putting foreign capital to more productive use.
Low saving rate in the US has kept the weak global economy afloat by putting foreign capital to more productive use.
