economic theory

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Are ticket scalpers really ripping you off?

Whenever a high profile event sells out, you can be sure that ticket scalpers are at work, endeavouring to make profits at the expense of those who missed out. Taylor Nugent explores why arbitrageurs succeed and explains the economics behind ticket scalping.

Ficciones

Elijah reflects on three and a half years of economics, and what it has meant to him.

Spectre of steel

Elijah discusses how the Zollverein – a customs union and free trade area – played a pivotal role in the economic and political evolution of German-speaking states in the 19th century, eventually leading to the creation of the German Empire.

E-con? Economics and Irrationality

Economic models of old can’t explain why anyone would buy a lottery ticket. But using behavioural economics, we might one day be able to fully model human behaviour, writes Jesse Condie.

The Hanseatic League

Elijah takes us to Hamburg and reflects on the city’s heritage as a flourishing centre of the Hanseatic League.

Is competition regulation an oxymoron?

Australia needs a full-time, focussed competition watchdog that applies the law using state-of-the-art economics, understanding the ambiguities and subtleties of market interactions, writes Professor Stephen King.