We review the “production approach” to estimating markups—the ratio of price to marginal cost. Paired with increasingly rich microdata and advances in production function estimation, the method ...

Discover how economics is at the cutting-edge of dealing with some of the most pressing issues of our time. ‘Environmental Economics and Sustainable Development’ explores the critical intersection of ...

The political underpinnings of mainstream microeconomics are examined by drawing on findings from the history of economic thought. By evaluating foundational concepts and notions, such as perfect ...

Microeconomics aims to understand the behaviour of individuals and firms to interpret how they make decisions given the scarcity of resources. This is especially important for individuals, both in ...

ABSTRACT: Recent data from the World Justice Project Rule of Law Index indicate that while the Brazilian Criminal Justice system is independent, it is also discriminatory and lacks impartiality. To ...

Economics is split between analysis of how the overall economy works and how single markets function Physicists look at the big world of planets, stars, galaxies, and gravity. But they also study the ...

The last time I went to the doctor, I lived in a different zip code, belonged to a different body-weight category, and was rounding out a different decade. I never consciously swore off health care, ...

As a person with a chronic illness, I'm no stranger to bloodwork. I used to pore over my lab results, googling the various meanings, and trying not to panic when a test fell out of range. Function ...

Abstract: In smart grid, demand side management is the main component that adapts elastic demand to fluctuating generations. Classical demand theory is a branch of microeconomics and it is about the ...

Microeconomics and macroeconomics are two distinct branches of economics. Microeconomics focuses on individuals and groups, including companies, while macroeconomics looks at the behavior of national ...

Your working memory, cognitive flexibility, and self-regulation are core components of executive function (EF), an interrelated set of mental skills that lay the foundation for advanced cognitive ...