This note explores endogenous rivalrous money supply by different generations of an overlapping generations economy. Money (gold) is intrinsically useless, but is costly to create. We show how a ...
A new study of intercollegiate football rivalries suggests that competition for scarce resources influences fan opinions. The researchers found that geographic proximity and a shared history of ...
Economists have not always found it easy to explain why self-interested people would freely share scarce, privately owned resources. Their understanding, though, is much clearer than it was 20 or 30 ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results