Posts Tagged ‘oligopoly’

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    Ivy League Games

    Feb 26, 11 • 153 Views • Businesses, Demand, Supply, and MarketsNo Comments

    Joining Harvard and the multitudes they hoped would follow, in 2006, Princeton eliminated its early admissions option. Now, with Harvard and the University of Virginia, Princeton has said it will return to early admissions because few followed. The Economic...

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    Search Engine Competition

    Feb 14, 11 • 98 Views • Businesses, Demand, Supply, and MarketsNo Comments

    Reading about Lillian Virginia Mountweasel in the 1975 edition of the New Columbia Encyclopedia, you would have discovered that she, a fountain designer and rural mailbox photographer, died in an explosion when working for Combustibles magazine.  But she...

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    Apple’s Patents

    Jan 20, 11 • 125 Views • Behavioral Economics, Businesses, Demand, Supply, and Markets, Economic History, Innovation, RegulationNo Comments

    An ibike? A solar-powered iPhone? Or maybe an iKey?  During 2010, Apple received 563 patents. In addition to the iBike, a solar-powered iPhone, and an iKey, Apple’s patents included a wand remote and a touchscreen iMac. When asked about...

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    World Cup Soccer and Game Theory

    Dec 7, 10 • 104 Views • Behavioral Economics, Thinking EconomicallyNo Comments

    Economists can explain more about soccer than we might expect. Why, for example, do players rarely kick down the middle when taking a penalty? This takes us to “The Prisoners’ Dilemma.” Please assume that when arrested, two bank robbers do...

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    Pricing Airline Tickets

    Aug 27, 10 • 114 Views • Businesses, Demand, Supply, and Markets, Economic HistoryNo Comments

    During the 1970s, a ticket to fly between New York and Washington, D.C. cost $50 whereas one between Los Angeles and San Francisco-almost twice the distance-cost only $40.  Why? Before deregulation in 1978, the interstate airline industry was...