Definition and meaning of wage rates measured in monetary terms
The process of checking whether individuals or firms are actually behaving as they should.
A UK body appointed to investigate monopolies, mergers, and anti-competitive practices referred to it by certain authorities.
A market structure characterized by many firms selling differentiated products where each firm has some degree of market power but no long-term economic profit.
An overview of government policy towards monopolies, including motivations, strategies, and approaches.
Profit in excess of normal profit earned by a firm that is able to exploit monopoly power.
The degree of control that a buyer exerts in a market, primarily measured by the concentration of the industry. It is the counterpart of monopoly power.
Definition and exploration of the Monte Carlo method in economics
An international agreement reached in 1987 to reduce the production and consumption of chlorofluorocarbons (CFCs) and halon, substances which deplete the ozone layer in the upper atmosphere.
The observation that a contract promising payment for certain events changes behavior to increase the likelihood of these events.
