Consumerism |
Innovation |
Market Corner Commentaries |
Exploiting Perverse Incentives: Kentucky Basketball and Prime Healthcare
Hoping to become college basketball’s first undefeated champion in almost forty years, the Kentucky Wildcats captured the nation’s attention as they qualified for this year’s “Final Four” tournament in …
Economics
When Healthcare is a “Lemon”: Asymmetric Information and Market Failure
In 1970, George Akerlof published “The Market for “Lemons”: Quality Uncertainty and the Market Mechanism” in The Quarterly Journal of Economics. Highlighting used-car sales, Akerlof explored why market failure occurs …
Economics |
Market Corner Commentaries |
Policy |
Supreme Court vs. Obamacare II: High Drama; Not the “Main Event”
The “Thrilla in Manila” in 1975 was Mohammad Ali and Joe Frazier’s second championship fight. In 1967, Ali refused conscription as a conscientious objector. He was convicted of draft evasion, …
