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David Fox (Ph.D. Economics, Columbia, Visiting Assistant Professor at Kester College, Knittersville, New York) is having a stressful year. He has a temporary position at a small college in a small town miles from everything except Albany. His students have never read Freakonomics. He thinks he...
Persistent link: https://www.econbiz.de/10010905550
Explicit collusion is an agreement among competitors to suppress rivalry that relies on interfirm communication and/or transfers. Rivalry between competitors erodes profits; the suppression of rivalry through collusion is one avenue by which firms can enhance profits. Many cartels and bidding...
Persistent link: https://www.econbiz.de/10010535198
our intuition and when should we rely on logic and statistics? Most of us would probably agree that for important …
Persistent link: https://www.econbiz.de/10010535202
In this spirited and provocative book, Edward Leamer turns an examination of the Heckscher–Ohlin framework for global competition into an opportunity to consider the craft of economics: what economists do, what they should do, and what they shouldn’t do. Claiming “a lifetime relationship...
Persistent link: https://www.econbiz.de/10010535226
, probability and statistics, aggregation of preferences, games and equilibria, free markets, and rationality and emotions. Online …
Persistent link: https://www.econbiz.de/10008632727
Over the last few years, the financial sector has experienced its worst crisis since the 1930s. The collapse of major firms, the decline in asset values, the interruption of credit flows, the loss of confidence in firms and credit market instruments, the intervention by governments and central...
Persistent link: https://www.econbiz.de/10010640608
David Fox (Ph.D. Economics, Columbia, Visiting Assistant Professor at Kester College, Knittersville, New York) is having a stressful year. He has a temporary position at a small college in a small town miles from everything except Albany. His students have never read Freakonomics. He thinks he...
Persistent link: https://www.econbiz.de/10010640616
The standard introductory texts to mathematical statistics leave the Bayesian approach to be taught later in advanced … topics courses -- giving students the impression that Bayesian statistics provide but a few techniques appropriate in only … in economics, Intermediate Statistics and Econometrics offers a broad perspective, bringing together a great deal of …
Persistent link: https://www.econbiz.de/10004973175