What do you think about when you hear “operations management”? The way you answer this question likely depends on your exposure to and experience with this academic discipline, which is my area of ...

The revolution that’s been happening in financial services is right in your pocket: the phone that you pull out when the check arrives after a restaurant dinner with friends. Until relatively recently ...

Monopsony The inverse of a monopoly, monopsony occurs when a market has a single buyer. Lack of competition from other buyers means the monopsonist can influence prices or other terms of exchange ...

To understand the importance of reliable data to economic policymaking, think about driving without an accurate speedometer. Knowing when to press on the brakes and when to push down on the ...

The long-term societal cost of greenhouse gas emissions exceeds the total market value of the corporate sector.

Institutions help explain uneven development between countries.Why are some countries rich and others poor? It’s among the most important questions in economics—in all the social sciences—and one at ...

During the fierce congressional debates that led to the passage of the 2017 Tax Cuts and Jobs Act, advocates and opponents of the proposal agreed on one thing: The once-in-a-generation bill, under the ...

To appreciate the edge that artificial intelligence can bring to the financial markets, it’s worth understanding how fast the technological landscape has changed for investors. It has been propelled ...

The researchers analyzed how the TCJA’s business tax provisions have performed, with an eye to proposing adjustments that would raise the revenue needed to tame run-away deficits and fund priorities ...

Healthcare and the Moral Hazard Problem The demand curve isn’t simple when lives are on the line. By Matthew J. Notowidigdo and Tal Gross July 22, 2024 CBR - Health Care ...

Over the past half century, Americans overwhelmingly reported being happy, and the biggest factor in happiness was being married, according to Chicago Booth’s Sam Peltzman. Those findings are based on ...

Why does monetary policy affect innovation? Increasing interest rates can reduce aggregate demand and make it less profitable to innovate, so companies have less incentive to develop new products.