An examination of the multiplier–accelerator model, which explains economic fluctuations through the interaction of the multiplier and the accelerator.
The N-firm concentration ratio is the proportion of total market output produced by the N largest firms in an industry. It measures the degree of monopolization of a market.
An exploration of the Nash equilibrium, a fundamental concept in game theory, including its definitions, historical context, major frameworks, and applications.
An exploration of the Nash equilibrium, a fundamental concept in game theory, including its definitions, historical context, major frameworks, and applications.
An in-depth understanding of the National Bureau of Economic Research (NBER), its historical perspective, key contributions, and influence on economic analysis.