A new perspective on economic bubbles and crashes and how to avoid them
(Phys.org) —By using methods developed to study the interactions of particles and applying them to economics, researchers at the University of Sydney have shown that small changes can create a tipping point and lead to ...
Averting worse economic collapses
A new study shows how specific parameters can help us steer clear of tipping points in dynamic systems, such as entire economies.
The impact of consumption goals on flat-rate choice
Can you imagine a world where a subway ride becomes the highlight of your day? Where going to the laundromat isn't such a dreary duty? A recent study published in the Journal of Service Research found that our perception of cer ...
How to manage motorway tolls through the Game Theory
A team led by José Manuel Zarzuelo, Professor of Applied Economics, has applied the co-operative Game Theory to calculating motorway toll charges. The results of the study have been published in the specialised journal European Jo ...
In Queensland, it matters if you're black or white
Black passengers face clear discrimination on Brisbane buses, a study from The University of Queensland School of Economics has shown.
Imposing trade restrictions on parallel imports can motivate a firm to export, study finds
(Phys.org) -- Imposing trade restrictions on parallel imports has the surprising effect of motivating a firm to export, according to a new study using game theory economic analysis.
Identifying poverty levels requires accurate measurements
When food prices spiked in 2008, the number of households that moved into poverty was overestimated by about 60 percent, according to a recent University of Illinois study. In middle-income countries such as Mexico that have ...
The economics of database searching
(PhysOrg.com) -- Searching the internet might seem simple, but applying a little bit of economic theory to information retrieval can shed some light on the best search strategies to adopt, according to researchers.
Economist studies how higher gas price affect consumer behavior
A dollar is a dollar is a dollar, so goes the economic theory of fungibility. But do people really act that way? In a new working paper, Brown University economist Justine Hastings and Jesse Shapiro of Chicago Booth School ...
Study finds key tax break has adverse effect on homeownership, social welfare
The American dream of owning a home with a white picket fence may stay a dream for many, according to a recent study by a Kansas State University economist.
Construal level theory: Opening consumer behavior research with a new approach
That the consumer behavior of these people carries systematic rules, and is not completely impulsive, has been made clear in a field called behavioral economics, an interdisciplinary area in economics ...
Globalized economy more sensitive to recessions: physicists
By applying the same rules that explain how genomes evolve, Rice University physicists have shown that the world economy is more sensitive to recessionary shocks and recovers more slowly from recessions now than it did 40 ...
Truth revealed in rare disaster theory
(PhysOrg.com) -- Research that supports a theory that investors need to account for rare disasters when making decisions on the stockmarket has been accepted for publication in the international top journal in finance.
Consumers will pay more for goods they can touch: research
We've all heard the predictions: e-commerce is going to be the death of traditional commerce; online shopping spells the end of the neighborhood brick-and-mortar store.