Economic Logic

Insurance is a horribly complicated concept. While it provides benefits by preventing to a large extend the consequences of adverse shocks, ...

It is not my style to opine on current events, and especially not to forecast. Yet, seems that there are some general trends that are worth ...

Nothing beats a well-written abstract. You want in particular to use the right terminology, state clearly what you want to do and given a fe...

If you have traveled across Europe before the introduction of the Euro, you have certainly been annoyed by the frequent changing of currenci...

I appreciate yoga because it helps my stiff body to loosen up, and because it forces me to take some time off the multiple things I do to ca...

I have discussed quite a few times sin taxes that are instituted to redress some individual behavior. Indeed, people make choices that harm ...

Saturated fats are bad, and we should avoid them. But they are cheaper than non-saturated fats, and if they are that bad, the obvious soluti...

Randomized experiments are all the rage in some circles, for example labor economics and especially development economics. The principle is ...

Many US states provide special study scholarships reserved to state residents which be applied to any in-state university, including private...

For some reason that is unclear to me, fuel for cars is in most countries the most flexible price, sometimes changing several times a day. A...

The Economic Logic blog is now five years old. At every anniversary, I reevaluate whether it is worth continuing in this effort. After all,...

There was a time where auction theory limited itself to studying very simple auction, where the subtleties were whether the first or second...

How would one define corruption. In economic terms, one definition could that two parties engage in a mutually beneficial transaction to the...

Since the asset bubble burst in Japan in 1990, the economy has stagnated despite significant policy efforts. Interest rates have been very l...

All industrialized economies suffer from a chronic shortage of nurses. Demand for health care is very high, yet nurses are relatively poorly...