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If you visit an ATM associated with your bank, you likely won’t pay a fee. But if you use a credit card to take out a cash advance, the issuer usually charges a fee. Plus, the interest rate for ...
Economists expect today’s retail sales report to show a reacceleration in spending in July, rising 0.4% from June for both the headline and ex-autos and gas numbers. But in the fall, things ...
According to the constructed preference view, consumer willingness to pay is a context-sensitive construct; that is, a consumer's WTP for a product depends on the concrete decision context. For example, consumers tend to be willing to pay more for a soft drink in a luxury hotel resort in comparison to a beach bar or a local retail store.
When you pay too much, you lose a little money – that is all. When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the thing it was bought to do. The common law of business balance prohibits paying a little and getting a lot – it can't be done.
The book received favourable reviews and was selected among the Best books of 2019 list published by the Financial Times. [ 35 ] In June 2024, 16 Nobel Prize in Economics laureates, including Shiller, signed an open letter arguing that Donald Trump ’s fiscal and trade policies coupled with efforts to limit the Federal Reserve 's independence ...
Managerial economics aims to provide the tools and techniques to make informed decisions to maximize the profits and minimize the losses of a firm. [4] Managerial economics has use in many different business applications, although the most common focus areas are related to the risk, pricing, production and capital decisions a manager makes. [31]
(Bloomberg Opinion) -- The U.S. is being roiled by the debate over how long to keep stay-at-home orders -- commonly known as lockdowns -- in place. Epidemiological experts tend to believe that ...
Probably the best constraint on such opportunism is reputation (rather than the law, because of the difficulty of negotiation, composition, and enforcement of contracts). If a reputation for opportunism significantly damages an agent's dealings in the future, this alters the incentives to be opportunistic.