Discover Hotelling's Theory, which explains how owners of nonrenewable resources decide whether to extract and sell based on future price predictions and interest rates.

In this article, data on home health agencies reveal surprisingly few differences between organizations of different tax status (nonprofit vs. forprofit). These findings direclty contradict economic ...

The official flagship journal of the American Sociological Association (ASA), American Sociological Review (ASR) publishes works of interest to the discipline in general, new theoretical developments, ...

The Greater Fool Theory involves overpriced securities finding buyers among hopeful investors. Understand its impact on investing and possible risks involved.

Partha Gangopadhyay does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations ...

Calculating royalty rates as part of a patent dispute often becomes a hotly-disputed issue, where opposing economic theories from expert witnesses are pinned against one another. As a litigant, care ...

This course is divided in four parts. In the first part, we will discuss various definitions of "sociological theory" and reflect on approaches to studying theories, including the sociology of ...

What are the 50 most important economic theories of the last century? That’s the question a publisher recently asked me to ponder for a book they are developing. I’ve noodled on this over the past ...

Richard Holden is an ARC Future Fellow. Welcome to our series on economic theories that are changing the way we think. Today, Richard Holden explains how asymmetric information – when one party to a ...

Incentives are part of our daily life and can affect everything from what we eat to how we parent our children to how we perform at work. Many everyday incentive behavior is rooted in economic ...

When millions of homes and thousands of businesses lose access to electricity, it becomes obvious that energy is critical to the economy. We understandably focus on the crisis at hand. However, there ...