A comprehensive model that demonstrates the existence of equilibrium in a competitive economy, incorporating decision-making by individual consumers and firms.
The current price of a unit of consumption in a future state of the world in an Arrow-Debreu economy
An exploration of Arrow’s impossibility theorem, highlighting its axioms and implications in collective decision-making processes.
A period of severe economic instability that began in South East Asia in the summer of 1997.
Overview and analysis of the Asian Infrastructure Development Bank (AIIB)
An examination of assembly line production and its implications in economics.
The incentive to hold money as a store of value based on economic conditions.
Understanding the dynamics and significance of asset prices in economics.
A security backed by a pool of assets such as loans, leases, or receivables. It offers investors regular payments comparable to bond coupons and helps in risk diversification.
The process of dividing up the assets of a company for higher value gain compared to their combined worth.
Possessions of value, both real and financial, that are owned by individuals or entities.
A situation where some participants in an economic transaction have access to more, or better, relevant information than other participants.
