An observation that voter turnout is inconsistent with rational decision-making despite the low probability of an individual vote altering election outcomes.
In an economic model, a quantity which is taken as given by an economic agent in their decision-making process.
Understanding the Pareto Distribution in Economics
A comprehensive examination of Pareto efficiency and its implications in economic allocation
A group of officials from major creditor countries that provide financial services to debtor countries.
Working for fewer than the regular full-time hours per week, shaped by both employee and employer preferences.
An overview of partial adjustment in economic decision-making, including its rationale and implications.
The definition and meaning of Partial Autocorrelation Coefficient in econometrics and time series analysis.
A measure of the degree of linear relationship between two variables after the effect of other variables has been removed.
The percentage of the population in any given age group who are economically active.
An in-depth look at a business structure where more than one owner operates a business, with shared responsibilities and liabilities.
A legal device to encourage and reward invention by giving exclusive rights to inventors.
