Explain the concept of income elasticity of demand and explain what YED figure you would expect for a luxury fashion resale item Draw a positive externalities of consumption diagram for second hand ...

I teach economics at the University of Regina. In our introductory microeconomics course, I teach students about ‘externalities’. In economics, ‘externalities’ are costs and benefits that are felt by ...

Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five years. He also writes and edits personal finance content, with a focus on ...

Phil Gramm and Michael Solon’s “Enemies of the Economic Enlightenment” (op-ed, April 16) seems intended to vilify the efforts of reformers seeking to change priorities and cultures within corporations ...

The two fundamental theorems of welfare economics are deceptively simple and enticingly elegant. The first states every perfectly competitive equilibrium is Pareto optimal. The second states for some ...

This is a preview. Log in through your library . Journal Information The Quarterly Journal of Economics (QJE) is the oldest professional journal of economics in the English language. Edited at Harvard ...