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Opus1 Journal: The Journal of Undergraduate Research | opus1journal.org Reviews
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New Killer Apps: Macro. New search engine for all papers. Uber as a Two-sided Market. Hedging Inflation with Prostitution. Who Is Over a Barrel? Pay What You Want. This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 2.5 License.
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Uber as a Two-sided Market
http://www.opus1journal.org/articles/article.asp?docID=463
Uber as a Two-sided Market. By reducing information cost, the internet has ushered in many novel two-sided markets. Because of this distinct pricing structure, the market platform of two-sided markets may appear to be a public good to one side of the market but a private good to the other side. For example, search engines are public goods. To searchers because there is little consumption rivalry and excludability in the accessing the information database, but the advertising spaces are private goods.
Hedging Inflation with Prostitution
http://www.opus1journal.org/articles/article.asp?docID=461
Hedging Inflation with Prostitution. Prostitution has proven to be an effective hedge against high inflation induced by subsidies and price control in Venezuela. In Puerto Cabello, Venezuela, prostitutes catering to foreign customers paying with US dollars are among the few types of workers who have seen their income in bolivars keeping pace with the domestic inflation rate of over 60% per year (BW). This high inflation rate has been fueled by excessive budget deficit. The only way to forestall further d...
Opus1 Journal
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In a two-goods (grapes and nuts) two-persons (Tom and Mary) economy, Tom would have absolute advantage in producing nuts if he could produce more nuts in a day than Mary. In graphical terms, Tom's PPC (PPF) would have a higher intercept on the nuts axis in the grapes-nuts space. See also "comparative advantage.". The tendency of people with higher risk wanting to be insured and people with lower risk wanting to opt out. Health Risk is a Matter of Life and Death. Too Much Vitamin C? The Greek Debt Tragedy.
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The Logic of Collective Action. Narrow special interests are often more politically powerful because they are easier to organize and the benefits of membership exceed the cost of participation. Benefit/cost analysis applied to the epidemiology of AIDS leads to surprising behavioral implications and policy recommendations. The Blind Leading the Blind. An informational cascade occurs when people blindly follow the early movers, but can be quickly reversed in the light of trusted information. A dominant net...
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Low-earning men could benefit from being househusbands of high-earning women if they only had the required housekeeping skills that women are generally expected to possess. Hey Buddy, Can You Spare a Dime? Visibility and Charitable Giving. In charitable giving, people are more likely to donate the higher the public pressure and the higher the visibility of non-participation. Shy Buyers - Consumption Habits of Stigmatized Goods. Robert A. Pepper. Submit an Award Paper?
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Living Economics
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Quantitative Easing - How It Works. The Bank of England is injecting money directly into the economy to meet the inflation target. Uber as a Two-sided Market. By reducing information cost, the internet has ushered in many novel two-sided markets. Too Little vs Too Much Panda-ing. You could have too little or too much of a good thing. Hedging Inflation with Prostitution. Prostitution has proven to be an effective hedge against high inflation induced by subsidies and price control in Venezuela. 8226; Micro...
Living Economics: Glossary
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In a two-goods (grapes and nuts) two-persons (Tom and Mary) economy, Tom would have absolute advantage in producing nuts if he could produce more nuts in a day than Mary. In graphical terms, Tom's PPC (PPF) would have a higher intercept on the nuts axis in the grapes-nuts space. See also "comparative advantage.". Generating combined production possibility curve. The tendency of people with higher risk wanting to be insured and people with lower risk wanting to opt out. The Market Role of Information.
Living Economics: Quantitative Easing - How It Works
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Quantitative Easing - How It Works. Bank of England, UK. 8226; Advanced Search. 8226; Browse Micro. Costs and opportunities (53). Free Market Solutions (17). Tastes and Preferences (27). Type of goods (31). What Price Means (27). 8226; Browse Macro. Boom and Bust (9). Income and output (25). Money and Credit (20). Trade and Foreign Exchange (30). 8226; Microeconomics Lectures. 8226; Macroeconomics Lectures. 8226; Instructor Log in. 8226; Sample TOC. 8226; Video Tour. 8226; Student Log in.
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Too Little vs Too Much Panda-ing. You could have too little or too much of a good thing. Bad Decision - TED lecture. Bad decisions are made because people are bad at figuring out the odds and values of possible events. Historical Cost vs Opportunity Cost - cartoon. Pricing at opportunity cost rather than historical cost can solve market shortages. In other words, "price gouging" can be an unsung hero. Wealth Inequality in America. Profit Maximization Under Natural Monopoly - youtube. Pollution tax could ...
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Living Economics: Too Little vs Too Much Panda-ing
http://www.livingeconomics.org/youtube.asp?docId=462
Too Little vs Too Much Panda-ing. 8226; Advanced Search. 8226; Browse Micro. Costs and opportunities (53). Free Market Solutions (17). Tastes and Preferences (27). Type of goods (31). What Price Means (27). 8226; Browse Macro. Boom and Bust (9). Income and output (25). Money and Credit (20). Trade and Foreign Exchange (30). 8226; Microeconomics Lectures. 8226; Macroeconomics Lectures. 8226; Instructor Log in. 8226; Sample TOC. 8226; Video Tour. 8226; Student Log in.
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Living Economics: Hedging Inflation with Prostitution
http://www.livingeconomics.org/article.asp?docId=461
Hedging Inflation with Prostitution. Prostitution has proven to be an effective hedge against high inflation induced by subsidies and price control in Venezuela. In Puerto Cabello, Venezuela, prostitutes catering to foreign customers paying with US dollars are among the few types of workers who have seen their income in bolivars keeping pace with the domestic inflation rate of over 60% per year (BW). This high inflation rate has been fueled by excessive budget deficit. The only way to forestall further d...
Living Economics: Lectures
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Exponential Growth - Youtube. Exponential growth is unsustainable. Chicken feet, long considered a waste product in the US, have become a profit center for the high-volume low-profit US chicken industry in the China export market. But the export trade is not exempted from political whims. Wealth Inequality in America. Quantitative Easing - How It Works. The Bank of England is injecting money directly into the economy to meet the inflation target. Complements and Substitutes - youtube. The prices of Big M...
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Opus1 Journal: The Journal of Undergraduate Research
New Killer Apps: Macro. New search engine for all papers. Uber as a Two-sided Market. Hedging Inflation with Prostitution. Who Is Over a Barrel? Pay What You Want. This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 2.5 License.
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