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It seems like everyone is glued to their phones these days...probably because app creators know how to make their sites addictive!

Attention Markets and the Allocation of Cognitive Scarcity

The rapid rise of the smartphone, social media, and streaming entertainment have created more competition for our attention than ever before. Who wants our attention, and why? Are there any potential economic harms to our attentions being so divided among productivity and entertainment?...
4 min read
Pigouvian Tax
Definitions Behavioural economics Business economics Competitive markets Global economics Information Failure

Pigouvian Tax

Published on January 29, 2020

Phillips Curve
Definitions

Phillips Curve

Published on January 29, 2020

Price elasticity of supply
Definitions

Price elasticity of supply

Published on January 29, 2020

Perfect competition
Definitions

Perfect competition

Published on January 29, 2020

Price elasticity of demand
Definitions

Price elasticity of demand

Published on January 29, 2020

Pareto efficiency
Definitions

Pareto efficiency

Published on January 29, 2020

Output gap
Definitions

Output gap

Published on January 29, 2020

Opportunity cost
Definitions

Opportunity cost

Published on January 29, 2020

Oligopoly
Definitions

Oligopoly

Published on January 29, 2020

Normative statement
Definitions

Normative statement

Published on January 29, 2020

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Stacks of documents secured with large black binder clips are arranged on a desk, with a blurred keyboard and calculator in the background.

Transaction Cost Economics and Why Businesses File Dormant Company Accounts

Sometimes a business will continue to be registered even though it is not actively trading. This could be seen mainly as an administrative d...
4 min read

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