Greg Mankiw amusingly blogged that Even terrorists have downward sloping demand curves, because AP reported that: When an admitted al-Qaida operative planned his itinerary for a Christmas 2009 airline ...

Supply and demand curves express relationships between price and quantity. Equilibrium exists when supply equals demand. The shape of these curves and the equilibrium price affect small and large ...

From the article “Restauranteurs Wrestle With State’s Minimum Wage Hike to $9.04,” about the January 1 increase in Washington state’s minimum wage to $9.04 per hour, the highest state minimum wage in ...

This article derives sharp bounds on labor supply and demand shift variables within a nonparametric simultaneous equations model using only observations of the intersection of upward sloping supply ...

Pricing managers at online retailers face a unique challenge. They must decide on real-time prices for a large number of products with incomplete demand information. The manager runs price experiments ...