Recently Updated Pages
The Wright Brothers' Patents and the Curtiss Company
Patents have often played a complex role in the balance between fostering innovation and potentia...
Key Takeaways
Definition of Intellectual Property (IP): IP refers to creations of the mind such as inventions, ...
Further Reading
Baptista, J. P., & Gradim, A. (2020). Understanding fake news consumption: A review. Social Scien...
Pope Francis Endorses Donald Trump for President
In the 2016 U.S. Presidential election, a widely circulated fake news story claimed that Pope ...
Key Takeaways
Definition and Identification: Understand what constitutes fake news: misinformation (false or m...
Further Reading
Agarwal, R. (2020). Why A Big Government Cure Would Be Worse Than Big Tech Control. Forbes https...
Real World Examples
Big tech companies often find themselves in disputes with governments over user data, driven by t...
Key Takeaways
1. Privacy and Data Protection: · Big Tech: Claims robust data protection and offers ...
Further Reading
European Union. (2023). What is GDPR, the EU’s new data protection law? https://gdpr.eu/what-is-...
Case Study: A GDPR Fine in Romania
The following material is available on the website of the National Supervisory Authority for Pers...
Key Takeaways
Big data, privacy, and the General Data Protection Regulation (GDPR) are all interconnected in th...
Further Reading
Bichler, M., Knörr, J., & Maldonado, F. (2023). Pricing in nonconvex markets: How to price electr...
Example: Movie Theater Tickets
Price differentiation, also known as price discrimination, refers to the practice of charging dif...
Key Takeaways
Markets and price signals are fundamental concepts in economics and business. Here are the main t...
Further Reading
Osborne, M.J. (2003). An Introduction to Game Theory. Oxford University Press. ISBN: 978019512895...
Example: The Trans-Pacific Partnership
The Trans-Pacific Partnership (TPP) negotiations involved multiple countries, each with its own s...
A Brief Overview
What is Game Theory? At its core, Game Theory is the study of how people make decisions in situa...
Further Reading
Greenstone, M., He, G., Jia, R., & Liu, T. (2022). Can technology solve the principal-agent probl...
Example: Real Estate Agents and Home Sellers
The principal-agent problem (or agency dilemma) arises when one person (the "agent") is allowed t...
Key Takeaways
The principal-agent problem is an important topic in both economics and organizational theory. ...