The original version of this story appeared in Quanta Magazine. Imagine a town with two widget merchants. Customers prefer cheaper widgets, so the merchants must compete to set the lowest price.

I recently wrote a piece for The Dispatch on why Republicans are so reluctant to participate in the “Conference of the ...

The captivity tale of Cervantes, the author of "Don Quixote," involves a third-party punishment dilemma.

For decades, the global economy has promised convergence. The message has been straightforward: open your markets, liberalise ...

Gaming economics just got real. Xbox Game Pass built its reputation on incredible value, but the latest price shake-up has sparked a gamer rebellion. Xbox users across the board have let it be known ...

Netflix is driving the Hollywood end game, likely confident it can increase the value of IP, and fend off YouTube.

A long-established tradition in coastal communities, Christmas Day swims have become more popular thanks to fundraising ...

A paper on arXiv by researchers at the Icaro Lab in Italy has set off a firestorm of headlines. It begins with a reference to ...

"It’s hit hard by single-crop farming, excessive chemicals, and weather extremes—especially in typhoon-prone Eastern Visayas" ...

Explore 'moral hazard,' the key economic concept explaining how safety nets and bailouts can unintentionally encourage risky, destructive behaviour.

Our holiday celebrations don’t have to look like a Hallmark movie. Indeed, they shouldn’t if we are going to enjoy them.