A comprehensive analysis of the term 'abuse of dominant position' within economics, mainly concerning anti-competitive business practices by market-dominant firms.
An examination of the agency problem, defined as the difficulties encountered when a principal delegates a task to an agent, highlighting issues of asymmetric information and incomplete contracts.
An exploration of agency theory, focusing on the contractual relationship between a principal and an agent, asymmetric information, and incentive mechanisms.
A comprehensive entry exploring the concept of aggregate demand schedule in economics, including definitions, historical context, and analytical frameworks.
An economic concept introduced by John Maynard Keynes that refers to the instincts and emotions that influence human behavior in economic decision-making.
An overview of anticipated inflation within the broader concept of expected inflation, including definitions, historical context, and major analytical frameworks in economics.
The price at which two unrelated parties would agree upon for a transaction free of any duress, used especially for taxation and transfer pricing purposes.
A comprehensive dictionary entry for the economic term 'autocorrelation,' examining its definition, historical context, and relevance across various economic frameworks.
The observation that whenever the profit-to-capital ratio of a company is regulated, it has an incentive to over-invest in capital, resulting in inefficiently high levels of capital accumulation.
An extensive overview of the term 'balance' and its different contextual applications within the field of economics, such as external balance, internal balance, and invisible balance.
Baltic Free Trade Agreement - A free trade agreement between Estonia, Latvia, and Lithuania established in 1993 and remaining in place until the three countries joined the European Union in 2004.
The application to banks of public controls stricter than those on businesses in general, justified by concerns that bank failures may disrupt the economy more profoundly than other business failures.