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1 day ago · Strategy. Game theory is the study of mathematical models of strategic interactions among rational agents. [1] It has applications in many fields of social science, used extensively in economics as well as in logic, systems science and computer science. [2] Initially game theory addressed two-person zero-sum games, in which a participant's ...
1 hour ago · Chalmers’ theory of economics to be put to the test. The government brands its budget as an inflation-fighting weapon of precision but economists warn broad cost-of-living relief such as energy rebates and tax cuts for all may make things worse. An expanded version of the energy bill relief delivered in last year’s budget and another boost ...
1 day ago · Chalmers' theory of economics to be put to the test. The government brands its budget as an inflation-fighting weapon of precision but economists warn broad cost-of-living relief such as energy ...
1 day ago · Our novel approach to modeling monopolistic competition with heterogeneous firms and consumers involves spatial product differentiation, in either a geographical space or a space of characteristics. In addition to price, each firm chooses location in space. We formulate conditions for positive sorting—more-productive firms serve larger market ...
1 hour ago · Modest economic recovery in H1-FY24 expected to continue in second half of FY24. ISLAMABAD - The State Bank of Pakistan (SBP) has noted that Pakistan’s macroeconomic conditions somewhat improved during the first half (July to December) of the current fiscal year, as real economic activities moderately recovered against the contraction in last ...
1 day ago · Australia’s has settled into a post-pandemic slow groove, with economic growth slipping into a Euro-style 2 per cent band for the three years in the recovery phase from the Covid-19 crisis.
1 hour ago · According to the SBP report, the major issues include limited savings, low investments in physical and human capital, weak productivity, stagnant exports, narrow tax base, and inefficiencies in ...
