Archive for November 20th, 2012

On learning from (economic) history – Truths and eternal truths

November 20, 2012

A fascinating speech by Norges Bank  Deputy Governor Jan F. Qvigstad for history and economic history students.

He says most scientific fields have their set of truths:

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How is neuroeconomics faring?

November 20, 2012

Most must have seen it. In case not this is a good read by Josh Fischman on state of neuroeconomics (HT: mankiw’s blog). As you go through the article you can relate neuroeconomics what happened to beh eco when it started..

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Does IKEA follow law of one price?

November 20, 2012

A very interesting paper on Swedish Home Furniture Multinational – IKEA (The paper informs the comoany is actually based out of Netherlands because of tax benefits but still maintains its Swedish identity!). It is making a lot of news in India lately as govt has allowed 100% FDI in single brand retail.

The paper looks at the various decisions IKEA makes with respect to its products and prices of products. Being a multinational there are plenty of decisions to make:

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