
I write about cutting edge research in economics.
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|---|---|---|---|---|---|
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The NBA requires a minimum of 65 games, with some very minor exceptions, in order for a player to qualify for end of season awards. This is not, to correct some common misconceptions, in order to make the winners “more deserving”. The point...
Ludwig Straub has just won the John Bates Clark medal, which is the annual award for the best economist under the age of 40. It is an award which is well-deserved, and indeed the only reasonable choice which could be made this year. It is n...
In industrial organization, one of the most standard assumptions is that the characteristics of a product are exogenous. This means we take them as given, and we do not inquire into why they are how they are. There are two basic reasons for...
When it comes to thinking about competition, it’s very easy to get confused. Let’s suppose that firms are maximizing their own profit under Cournot competition, which is where each firm chooses the quantity they wish to produce, and then ch...
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