John Ydstie. Roger L. University of Chicago economist Gary Becker died Saturday at the age of He won the Nobel Prize in for broadening the horizons of economics, using economic analysis to explore social issues like crime, racial discrimination and drug addiction.
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The Economics of Marriage, and Family Breakdown
Paul Oyer: What Online Dating Can Teach About Economics | Stanford Graduate School of Business
A vertical market is a market encompassing a group of companies and customers that are all interconnected around a specific niche. As such, vertical markets typically have their own set of business standards. They may also have high barriers to entry for new companies. The global business market provides a multitude of opportunities for all types of businesses.
The economists' guide to dating
It might be hard to imagine or remember, but there was once a time when going on a date with a stranger you met online was a strange concept—frowned upon, even. Today, however, millennials have led the charge on transforming the dating industry and making online dating universally accepted. If you continue to have doubts, consider that there are now over 1, dating apps or websites looking to draw single men and women to their product, and to match them with one another. Though matchmaking is one of the oldest industries in existence, online matchmaking is now having a moment of its own. This article explores the business of dating: the market size of dating apps in the U.
At the most basic level, economics attempts to explain how and why we make the purchasing choices we do. Four key economic concepts—scarcity, supply and demand, costs and benefits, and incentives—can help explain many decisions that humans make. Everyone has an understanding of scarcity whether they are aware of it or not because everyone has experienced the effects of scarcity. Scarcity explains the basic economic problem that the world has limited—or scarce—resources to meet seemingly unlimited wants.