…model the only ways to increase profits are one, to compete on the basis of volume, or two to reduce administrative costs, which is a 180 from the current model…

…is trivially easy to write a model in which it is very important that everyone thinks they will detect something sooner than everyone else. It doesn’t even matter much what…

…was right. Pareto improvements can be found in economic models because they are models. They are simpler than reality. The constraint that the reform hurt no one is much less…

…about this money concept. It is part of what I’m trying to relay in my model to the average voter. Being that velocity has to do with how many hands…

…in textbooks just as a step towards a model with unemployment or a model with elastic labor supply — no one takes it seriously as a model of the business…

…what they call a “résumé put”, not a term you will find in offering memoranda, and nine years of bonuses…. A “model” after the jump. The model is based on…

…capital: Exercises estimating cost of capital by the build-up model and the Capital Asset Pricing Model Now you might know what CAPM is, but what is this “build-up model”? Whereas…

Via Mark Thoma comes an interesting discussion from The Economist as to why interest rates are low: The most popular explanation is that there is a global glut of savings,…

…Club for Growth crowd rarely presents a complete or coherent even though Solow’s model is now half a century old. The key change suggested by the Social Security Trustee’s model,…

…25% cut in benefits now do the trick even in her model? Unless her model is also based on the premise that V(R) is only $50 trillion, which might be…