economic analysis

November 22, 2017

No Platform? On the Economics of P2b Exchange

The picture that emerges from the EC surveys of consumers and business regarding platforms is not of a market in which users are routinely abused. Rather, what we observe is a market where users are broadly happy, although they agree that things could always be better. Crucially, they have ways to make their discontent heard.
December 20, 2016

The Economics of Christmas: The True Value of Christmas Presents

As the festive season approaches, it’s time for economists’ annual disquisition on the efficiency of gift-giving. This tradition was inaugurated, more than twenty years ago, by Joel Waldfogel, then at Yale University, who formalised the critique that non-cash presents are economically wasteful.