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Overview of Game Theory

end up doing the same thing after person A figures out what B is doing. If Person A does not have a dominant strategy, then if B ...

Economics of Crime Problems and Solutions

because of their greater medical needs (Himelstein, 1993). A survey by the Rand Corporation found that longer jail terms cannot e...

Overview of Information Economics

rapid pace as well (Mennecke & West 2001). One study indicates that at least one third of the companies using RAD have data that ...

4 Questions on Economics Answered

the demand for a product is higher than the supply and the supplier cannot provide enough to meet the demand then the price will r...

Europe After the Cold War

In addition, it was...

Discussion Questions for Literature and Economics

thought. For instance, he points out the influence of classicism in Keynes notion of an "unseen hand" working in the free market, ...

Sustainability, Economic Stability, and Regulation in International Fisheries

world society as though they were controlling the pieces on a chessboard, every individual in that great game of chess has the inn...

New York City Draft Riots of 1863

of the rioters, which was directed at African Americans, possessed the mob with such ferocity that they lost all sense of humanity...

Home Economics Over The Past Century

When home economics incorporated the long overdue aspect of hygiene and disease control, it served as a watershed moment in the on...

Self-Interest and Economics

them. Were the producers products of no interest to others, then they would realize no financial gain from them. The producers a...

Article Analysis on the Economy and Savings

to your hats" (Miller, Ewing, Reed, Cohn & Balfo, 2005, p.58). Are their observations true? It seems that on the surface, authors...

Healthcare Economics

matter for self interest for those who had the economic power, self protection in a direct and indirect manner it was not only the...

1970s' Economy

In three pages this paper mixes economics and disco in this overview of the 1970s' economy. Eight sources are cited in the biblio...

Comparative Analysis of Paris and London

being one of the highest in the western world. In 1990 there was a population of 10,291,851 in the Metropolitan Paris area, this i...

Party Systems, Political Transition, and the Areas of the Ukraine, Belarus, and Russia

all too often what also comes with the concept of nationalism and cultural conformity is the requirement of just one culture; this...

U.S. and Australia Country Facts

processing, steel, industrial and transportation equipment. Exports of $103 billion each year are oil, natural gas, coal, meat, g...

Term Structure and Vasicek's Theory

this subject area will also be considered with consideration of the ways that the model has lead to further developments. ...

Issues Pertaining to Health Care Economics

will wait out a problem and not seek preventative services. Also, ideology enters the picture. Some people simply avoid medical ca...

Analyzing World Wars I and II

the first of the two great wars where Europe all but destroyed itself began in 1914. And in some sense one can begin to see the si...

Deng Xiaoping and Economic Liberalization

if it didnt compromise Communist rule, which for all practical purposes means there was no reform considered (Pei). Dengs views ...

Managerial Economics Questions

able to be increased more as the demand would not decrease proportionally but at a rate less than the increase. If there are even...

How Economic Affects Modern Day Business Management

is rare and usually requires that they have an effective monopoly, where there is only one firm, are or are acting in concert as p...

Automotive Industry And Global Financial Crisis

less cost than other countries (Tabarrok, 2008). This means that every country can have a comparative advantage if they specialize...

The Civil War, Augusta County Virginia, and Franklin County Pennsylvania

square miles and Franklin County Pennsylvania encompasses approximately 772 square miles. Despite their similarity in size, howev...

HISBAH AND ECONOMICS

is the law, Hisbah (or Al-Hisbah) is the collection of people assigned to ensure the law is fulfilled. In Saudi Arabia, for exampl...

SHOPS, DISCOUNTS AND KNOWING WHEN TO STOP

price cuts can also be duplicated by the competition (McConnell and Brue, 2006). When a rival moves to lower prices, any potential...

Harford: “The Undercover Economist”

but sometimes works in unpredictable ways. Harford also uses Starbucks to explain why location is so important in real estate and...

THE THROW-AWAY WORKER: USE (AND ABUSE) OF CHINESE IMMIGRANTS IN DEVELOPING CANADA'S RAILROADS - AN OUTLINE

the immigrants were considered expendable when it came to building the railroads. History of Canadas Railroads Much of th...

OIL AND THE INTERNATIONAL BUSINESS CONNECTION

Before we take on an explanation of oil and petroleum on a global scale, we first need to understand how the "liquid gold," as...

Managerial Economics; the Dominant Firm

2000). There are a number of examples of this model, however it is one that is generally seen as unhealthy on an industry...