Oligopoly

Both games will be on ESPN2. The first starts at 1:10 p.m. ET. If either team sweeps, that team and Arizona is in. With a split, the Mets and Braves are both in. — Jeff Passan (@JeffPassan)

Algorithms changed the classic card game for good — but is it for the better?

A look inside drug pricing… Regulators have been investigating companies at the center of the complex pharma-distribution chain since 2022. Yesterday...

American Airlines Group Inc. is raising the cost to check bags, just as an annual report shows the amount airlines collected from such fees last year grew to an estimated $33.3 billion.

Today's five biggest airlines have gobbled up 45 others since 1960.

A Game Theory Problem

We’re selling a twenty-dollar bill, but the amount some people are willing to pay for it might make your head spin. Find out why in this clever experiment.➡ ...

The Dollar Auction is a simple game devised by economist Martin Shubik in the 1970s. The beauty of the game is it's remarkable ability to illustrate the freq...

[Good news, everyone! We were clearing out Quinns' stuff and we found something he was apparently too scared to publish. By way of showing respect, we've published it here in full.] I’ll be honest, I didn’t really want to write about this event. In the words of one of the…

Today's TED Talk takes a neuroscientific look at game theory. Here, how game theory applies to relationships and even kidney donations.

Investigation shows scale of big food corporations’ market dominance and political power

If Tony Soprano were driving in 2021… he’d pull up in a Volkswagen. European antitrust regulators fined Volkswagen and BMW more than $1B – about...

Major retailers are suing amid a Justice Department investigation.

German sportswear maker Adidas AG said on Monday it is considering strategic options, including a potential sale, for Reebok, 15 years after it bought the U.S.-focused brand to take on archrival Nike Inc on its home turf.

We can find some clues to how the shutdown might end in game theory, which uses math to map out how players and their strategies evolve in the real world.

Publishers say digital options make textbooks cheaper. Affordability advocates say it increases their stranglehold on the market.

With the help of statistics and economist, Ignacio Palacios-Huerta (who studied more than 11,000 penalty kicks), we take a look at why penalty shootouts are so unfair to the goalies and what can be done about it.

Current Topic: Oligopoly Previous Topics Connected: none Future Topics Foreshadowed: none Article Name: Why penalty kicks are so unfair to the goalie – according to an economist Link: https://mru.io/watchb6119 Description: Goalkeepers have just 0.4 seconds, the time it takes you to blink, t...

How can you win a race by going slow? Check out the following video from the World Cup 2012 Individual Sprint Track Cycling (similar scenes can be found at the Olympics). The two cyclists, some of the fastest riders in the world, start out by going as slow as possible, almost like something out of Monty […]

This video uses game theory to solve a simple problem. Bob and Al are magicians. They’ve agreed to only perform one show per week and each earn $10,000. But ...

Oligopoly and game theory 1. Carlise and Mary are the only two editors of mystery novels in the city of Readville. If Carlise and Mary collude to earn more profits, they would: a) each reduce the number of books published and raise prices.*** b) each reduce the number of books published an...

Senior executives from two major US chicken producers have been indicted for allegedly conspiring to fix prices and rig bids on "broiler chickens," which are sold to grocery stores and restaurants.

One hundred years ago, U.S. antitrust prosecutors broke down monopolies in meatpacking. But can they do it again?