The United Kingdom Treasury's Stern Review: The Economics of Climate Change was the first economic analysis of climate change to be sponsored by a government agency. The Review proved highly ...

Standard macro-economics involves an investment function based on non-linear adjustment costs. However, since the production and labour demand functions contain no terms to indicate the existence of ...

I n the epilogue of their blockbuster book Mostly Harmless Econometrics (2009), Josh Angrist and Steve Pischke write, “If applied econometrics were easy, theorists would do it.” As academic jokes go, ...

In this paper, the author introduces the theory and method of transaction cost economics to identify the essence of e-commerce model by explicating its core objective and function. From the ...

Any business tries to use its resources efficiently. No one has unlimited resources, so it's critical that you make smart choices about using what you do have. Those decisions are influenced by what ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. For all the attention artificial intelligence commands, one fact remains stubbornly ...