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 ...

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 ...

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 ...

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