is in theory merely a second-best way of achieving minimum retail price stipulations, reveals important aspects of …

, Evolution and Economic Theory; and furthered by Geoffrey Manne and Todd Zywicki in their recent paper titled Uncertainty …, Evolution, and Behavioral Economic Theory. Alchian’s thesis relied on an evolutionary understanding of firms’ activities in the … present work concludes that Alchian’s evolutionary theory does not account for the interpretation that economic actors render …

A mortgage borrower has several options once a foreclosure proceedings is initiated, mainly default and prepayment … to default and time to prepayment once the foreclosure proceedings is initiated. More importantly, we examine the …