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  2. Staged crash - Wikipedia

    en.wikipedia.org/wiki/Staged_crash

    The "Swoop and Squat" scheme may also involve three cars that work in tandem to cause a car accident: one pulls in front of the victim, the ‘squatter’, another cuts the car off in front of the victim a couple of seconds afterward the ‘swooper’ cuts both off, forcing the “squat” car to brake, while the third pulls alongside the ...

  3. Swan diagram - Wikipedia

    en.wikipedia.org/wiki/Swan_diagram

    In economics, a Swan Diagram, also known as the Australian model (because it was originally published by Australian economist Trevor Swan [1] in 1956 to model the Australian economy during the Great Depression), represents the situation of a country with a currency peg. [2]

  4. List of unsolved problems in economics - Wikipedia

    en.wikipedia.org/wiki/List_of_unsolved_problems...

    Transformation problem: The transformation problem is the problem specific to Marxist economics, and not to economics in general, of finding a general rule by which to transform the values of commodities based on socially necessary labour time into the competitive prices of the marketplace. The essential difficulty is how to reconcile profit in ...

  5. Bertrand competition - Wikipedia

    en.wikipedia.org/wiki/Bertrand_competition

    Diagram 1 illustrates firm 1's best response function, ″ (), given the price set by firm 2. Note, M C {\displaystyle MC} in the diagram stands for marginal cost, c {\displaystyle c} . The Nash Equilibrium ( N {\displaystyle N} ) in the Bertrand model is the mutual best response; an equilibrium where neither firm has an incentive to deviate ...

  6. Economic graph - Wikipedia

    en.wikipedia.org/wiki/Economic_graph

    A common and specific example is the supply-and-demand graph shown at right. This graph shows supply and demand as opposing curves, and the intersection between those curves determines the equilibrium price. An alteration of either supply or demand is shown by displacing the curve to either the left (a decrease in quantity demanded or supplied ...

  7. Doughnut Economics: Seven Ways to Think Like a 21st-Century ...

    en.wikipedia.org/wiki/Doughnut_Economics:_Seven...

    Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist is a 2017 non-fiction book by Oxford economist Kate Raworth. [1] The book elaborates on her concept of doughnut economics , first developed in her 2012 paper, A Safe and Just Space for Humanity .

  8. Price mechanism - Wikipedia

    en.wikipedia.org/wiki/Price_mechanism

    In economics, a price mechanism refers to the way in which price determines the allocation of resources and influences the quantity supplied and the quantity demanded of goods and services. The price mechanism, part of a market system , functions in various ways to match up buyers and sellers: as an incentive, a signal, and a rationing system ...

  9. Williamson tradeoff model - Wikipedia

    en.wikipedia.org/wiki/Williamson_tradeoff_model

    The Williamson tradeoff model is a theoretical model in the economics of industrial organization which emphasizes the tradeoff associated with horizontal mergers between gains resulting from lower costs of production and the losses associated with higher prices due to greater degree of monopoly power.