Category: game theory

One of the popular travel options in Toronto is Porter Airlines which operates out of the City Airport and so is just 15 minutes from my University of Toronto office. Because it is a small airport, it is the kind of airport where you can literally leave an hour before your flight with no problems. …

Continue reading "A new one for price discrimination: taxing the late"

John Nash passed away yesterday. He was killed, along with his wife, in a taxi accident. Nash is not a figure who had a recent and continual impact on economics but he is perhaps the person who had the single idea with the most important impact on economists of anyone. That idea was equilibrium or …

Continue reading "Economics in One Lesson: Nash"