Market Structures

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.

Recent reports and studies suggest that the outsized political power of hospitals is a big reason why American health care is so expensive.

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?

The U.S. government on Thursday filed a lawsuit seeking to block Visa Inc from purchasing the financial technology company Plaid.

Which resource markets have healthy levels of competition, and which are more monopolistic? This chart shows the global level of competition for 33 minerals.