Economics

The classic Prisoner’s Dilemma is first and foremost a paradox. The classic two-person situation results in neither player being able to avoid a loss, ...

In the past few decades, the costs of health care have risen tremendously. The combination of an aging population, unhealthy lifestyles, and wasteful spending ...

The economic downturn of 2008 has been a major point of distress for businesses and consumers alike in the U.S., including Ohio. The housing ...

While a high national debt is far from ideal, it is also not near the crisis that many critics assert. In fact, in times ...

For human resource professionals, compensation is one of the most important considerations they will make.  The wage that businesses decide to pay employees impacts ...

The financial crisis of 2008 left a damaging mark on the world economy, which still persists today. Equally as confusing as the future course ...

How does Norway's economic growth model depend on its oil wealth, and how will the decreasing price of oil affect the country's future outlook? ...

According to the article “Competitive Pricing Decisions in Uncertain Times,” written in the journal “Cornell Hospitality Quarterly,” hotel operators who resist the urge to ...

Noncooperative Game: A game theory where players make decisions independently and do not cooperate. Dominant Strategy: One strategy is better than another for one ...

The primary focus of the Alfred Marshall’s article “The Total Currency Needed by a Country” is the importance of currency for the country in ...