Posts Tagged ‘oligopoly’

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    Ivy League Games

    Feb 26, 11 • 315 Views • No 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...  [read more]

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    Search Engine Competition

    Feb 14, 11 • 249 Views • No 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...  [read more]

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    Apple’s Patents

    Jan 20, 11 • 279 Views • No 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...  [read more]

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    World Cup Soccer and Game Theory

    Dec 7, 10 • 254 Views • No 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...  [read more]

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    Pricing Airline Tickets

    Aug 27, 10 • 232 Views • No 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...  [read more]