This paper demonstrates how the transformation of the taxi industry is an example of Coase’s Theorem in practice. The Coase Theorem, as postulated by Nobel Laureate Ronald Coase (1991), is one of the simplest yet profound ideas in economics. The recent advent of new mobile app entrants in the...

Research and Science Today Journal is a publication founded in 2011 and it is dedicated to the students of all levels (license, master and doctoral) of faculties in the country and abroad. We want to offer the participants the opportunity to present their scientific works in the following areas:...

This research note presents the research rankings of Turkish economists in the world using RePEc database as of January 2014. The long-run research ranking data running from 2003 to 2013 are utilized to identify the research success of Turkish economists working at universities and institutions...

This paper examines the relationship between the microeconomics of real-estate and the negative impact of the innate flaws of the 30 year mortgage as it relates to elevated Housing Cost To Income Ratio averages (HCTI). The average borrowers housing expense has risen to approximately 50% of an...

Frequently, the professors of economy or the authors of texts think that it is enough with relating certain experiences, to mention certain historical data, to declare some truths to raise the interest of the possible listeners or readers. This attitude comes from a misunderstanding, very...

The paper analyzes the current discussions on the the state of economics with special focus on the interreletionships between key ideas of economic theories and real actions of economic policy in the course of the global economic crisis.

Conventional economics, both in its free enterprise and command versions sought to delink the science of economics from moral religious values and reduce it to a positive science. Now most economists feel an urgent need for objective analysis of the entire economic landscape with a view to...

Those lecture notes cover the basics of a course in microeconomic theory for MSc students in Economics. They were developed over five years of teaching MSc Economic Theory I in the School of Economics at the University of East Anglia in Norwich, UK. The lectures differ from the standard fare in...

In our paper we summarise the findings of an empirical study in which a sample of 346 journals in economics and business studies were examined. We regard both the extent and the quality of journals' data policies, which should facilitate replications of published empirical research. The paper...