Adverse Selection & Moral Hazard
June 24, 2023
Adverse selection and moral hazard Adverse selection and moral hazard are two important concepts in economics, particularly in the field
Adverse selection and moral hazard Adverse selection and moral hazard are two important concepts in economics, particularly in the field
Tobin’s Q theory, named after the Nobel laureate economist James Tobin, is a concept in economics that relates to the
The St. Petersburg Paradox is a classic problem in economics that challenges traditional theories of utility and decision-making. It is
Prabhat Patnaik December 14, 2020 In the context of the on-going country-wide kisan movement for repealing Modi’s three Agriculture Bills, while an
Prabhat Patnaik The two bills rammed through parliament last week were objectionable in every conceivable sense. The very fact of
ECONOMIC GROWTH AND DEVELOPMENT Economic Growth implies the change in per capita income, while economic development means economic growth plus change. Change
DETERMINATION OF OUTPUT AND EMPLOYMENT 1. Classicals: The terms ‘Classicals’ was coined by Karl Marx. According to them, the economy will always
CONCEPT OF DEMAND The concept of demand was given by Alfred Marshall in 1890s in his book “Principles of Economics”. According to
Anis Chowdhury and Jomo Kwame Sundaram Meeting the President of the Republic of Korea in September 2019, President Donald J
India’s overall exports (Merchandise and Services combined) in April-May 2019-20* are estimated to be USD 92.33billion, exhibiting a positive growth
