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Definitions
Power of a Test
Statistics
Economics
Data Analysis
Hypothesis Testing
In statistical inference, the probability that a test will reject the false null hypothesis.
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Definitions
Pre-Commitment
Pre-Commitment
Commitment
Behavioral Economics
Economic Theory
Game Theory
An exploration of the concept of pre-commitment in economics and its various theoretical and practical implications.
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Definitions
Pre-tax profits
Economics
Finance
Taxation
The profits of a company or unincorporated business before deduction of relevant income or corporation taxes.
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Definitions
Prebisch Thesis
Prebisch Thesis
Terms of Trade
Primary Commodities
Manufacturing Industry
Economic Development
A claim that the terms of trade between primary products and manufactured goods deteriorate over time, suggesting that countries exporting primary commodities should establish manufacturing industry to counteract adverse effects.
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Definitions
Precautionary Motive
Money
Economics
Uncertainty
Liquidity Preference
Risk Management
The motive to hold money to provide for the unexpected. See also demand for money.
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Definitions
Predatory Pricing
Predatory Pricing
Competition
Monopoly
Economic Strategy
Market Dynamics
An economic strategy where pricing is set very low to eliminate competition or deter market entry.
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Definitions
Predetermined Variable - Definition and Meaning
Econometrics
Predetermined Variables
Endogeneity
Instrumental Variables
An entry defining the concept of a predetermined variable in econometric models, its significance, and its use in solving the endogeneity problem.
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Definitions
predictor
Economics
Statistics
Regression Analysis
Dependent Variable
An estimator of the value of the dependent variable given by the estimated regression equation
Read more about predictor.
Definitions
Preference Revelation
Economics
Public Goods
Mechanism Design
Preference Revelation
A detailed overview of the economic concept of preference revelation and its implications.
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Definitions
Preference Share
Economics
Finance
Corporate Governance
A company share which carries no vote, but ranks before ordinary shares for dividends.
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Definitions
Preferences
Preferences
Axioms of Preference
Liquidity Preference
Personal Preferences
Revealed Preference
Single-Peaked Preferences
Time Preference
A detailed exploration of preferences in the context of economics, including different schools of thought and related terms.
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Definitions
Premium
Insurance
Finance
Premium
The price paid for an insurance policy, which may be monthly, annual, or a lump-sum payment.
Read more about Premium.
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Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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