Digital versions of labor and capital can be reproduced much more cheaply than their traditional forms. This increases the supply and reduces the marginal cost of both labor and capital. What then, if anything, is becoming scarcer? We posit a third factor, 'genius', that cannot be duplicated by...

Digital versions of labor and capital can be reproduced much more cheaply than their traditional forms. This increases the supply and reduces the marginal cost of both labor and capital. What then, if anything, is becoming scarcer? We posit a third factor, ‘genius', that cannot be duplicated...

This study examines the patterns and causes of shortages in generic non-injectable drugs (e.g., tablets and topicals) in the United States. While shortages for injectable drugs have garnered more attention, shortages of other forms of prescription drugs have also been on the increase. In fact,...

This study examines the patterns and causes of shortages in generic non-injectable drugs (e.g., tablets and topicals) in the United States. While shortages for injectable drugs have garnered more attention, shortages of other forms of prescription drugs have also been on the increase. In fact,...

Many economic transactions are prohibited—even in the absence of health or safety concerns or negative externalities—because of ethical concerns that cause these exchanges to be perceived as “repugnant” if conducted through a market. Establishing a system of payments for human organs is...

Many economic transactions are prohibited--even in the absence of health or safety concerns or negative externalities--because of ethical concerns that cause these exchanges to be perceived as "repugnant" if conducted through a market. Establishing a system of payments for human organs is a...

In this paper we consider the effect of quantity restrictions and scrutiny on the consumption of quasi-free goods. A good is quasi-free if it is zero priced, but it is consumed in the context of a social setting (e.g., as an employee, client, friend, etc.). Examples include cookies at a picnic,...

How to Divide When There Isn't Enough develops a rigorous yet accessible presentation of the state-of-the-art for the adjudication of conflicting claims and the theory of taxation. It covers all aspects one may wish to know about claims problems: the most important rules, the most important...

In this paper we consider the effect of quantity restrictions and scrutiny on the consumption of quasi-free goods. A good is quasi-free if it is zero priced, but it is consumed in the context of a social setting (e.g., as an employee, client, friend, etc.). Examples include cookies at a picnic,...

In this paper we consider the effect of quantity restrictions and scrutiny on the consumption of quasi-free goods. A good is quasi-free if it is zero priced, but it is consumed in the context of a social setting (e.g., as an employee, client, friend, etc.). Examples include cookies at a picnic,...

Unsere Gesellschaft ist eine Leistungsgesellschaft. Aber was meinen wir, wenn wir von "Leistung" sprechen? Wie wurde Leistung zu einer vermeintlich objektiven, individuellen Größe und wie haben sich soziale Beziehungen und Gefühle dadurch verändert? Warum definieren sich Menschen über ihre...

The walking econ : learning economics from the Walking dead / by Tawni H. Ferrarini -- Never a lovely day - the wretched economics of Mad Max : fury road / by Michelle Albert Vachris and G. Dirk Mateer -- The odds are never in your favor : preventing economic growth in the Hunger games / by J....

This textbook presents an overview of how the activities of an organisation can be managed to satisfy the needs of stakeholders through the cost effective, operationally efficient and sustainable transformation of resources into outputs. Taking an interdisciplinary approach, the authors show the...

Vor dem Hintergrund einer zunehmenden Ökonomisierung im Gesundheitswesen sowie gleichzeitig wachsender Patientenansprüche nimmt ein zielgruppenspezifisches Health Care Marketing an Bedeutung zu. In diesem Zusammenhang ist die Erfassung der Lebensqualität von Patienten als Orientierungsgröße...

"Using case studies from around the globe and multiple time periods, Smith makes the case that abundance provides an essential explanatory perspective on ancient peoples' choices and activities. Focusing on plentitude enables the understanding of cohesive behaviors that were equally important...

The natural environment provides crucial inputs and services for economic development, but its role for productivity growth is insufficiently explored. Environmental scarcities can pose a drag on productivity growth and a risk for its sustainability. At the same time productivity growth is often...