Economic Logic

The free market is nice and all, but there are times where it provides goods that should just not exist. Here is a sample The butter conditi...

Germany is currently experiencing a "fiscal scandal" on various dimensions. First, the CEO of German POST (and president of IZA) K...

Out of curiosity, I recently checked what search engine keywords were bringing visitors to this blog. One thing that was puzzling me is the ...

Two things we do not like here: abuse of patents and frivolous law suits. A judge just hit those two birds with one stone. While one may qu...

The passing of the baton from Castro to Castro in Cuba is a good opportunity to study a little bit the Cuban economy. One aspect of it is th...

I reported a few days ago about the patent abuse by SCO. The Wall Street Journal had yesterday an article on some strategies of the pharma...

With demand at record levels for many agricultural goods, fed by demand for biofuels, high growth in East Asia and the corresponding lack of...

With the development of the Internet came a new phenomenon, mass collaboration. Some call it Web 2.0, but it was present even before that. B...

The purpose of patents is to create rents for inventors and innovators, so that they are rewarded for their efforts. But patents can also be...

Cyprus is home to beautiful beaches and resorts. But this is not the topic of this post. Hotelling wrote a classic in industrial organizatio...

The RePEc blog has a post about a ranking of worldwide repositories. RePEc touts its #2 ranking, and rightfully so. One thing we need to re...

Guillermo Calvo published in 1983 an influential paper that managed to take into account that not all firms adjust prices immediately and a...

No, it is not about the Yahoo takeover bid. Rather it is about Internet Explorer. I have been traveling quite a bit lately and on occasion h...

Companies look for CEOs outside their current workforce, universities perform nation or worldwide search for higher administration. Why do U...

Not long ago, there was discussion in the United States whether descendants of slaves should be compensated. One argument against this was t...