Archive for June 28th, 2012

Optimal Currency Area Simplified..

June 28, 2012

Whether we may agree to his views or not, no one really comes near Paul Krugman when it comes to simplifying economics.

In his recent post, he helped understand Optimal Currency Area  on which Euro was supposed to be based.

Must read..

Using behavioral economics to limit alcohol consumption

June 28, 2012

A nice paper by Henry SafferDhaval DaveMichael Grossman.

The rational/neoclassical model on understanding alcoholic behavior treats both heavy and light drinkers as one. As a result the analysis does not show the right results. In this paper, the use the behavioral economics idea of treating heavy and light drinkers as two different types.

(more…)


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