The study by researchers from Qingdao University of Technology and the Shandong Engineering Research Center of City Information Modeling introduces the URCA model, a dynamic system for evaluating how ...

We find that such contracts mitigate firms' incentives to impose large instantaneous wage markdowns—compared to standard static wage-setting models—thereby reducing the share of socially inefficient ...

In a data-driven world, pauses in government economic data do more than inconvenience economists, they create dangerous blind spots for investors and business leaders.

Companies of all sorts run on information to handle services like news platforms, e-commerce and financial markets, and ...

Oversimplifies trends and ignores real-world disruptions. Can’t predict economic downturns, competitor actions and shifts in customer behavior on its own. Ignores randomness; every forecast will have ...

In “When economists’ forecasts are no better than a coin toss” (Letters, October 4), Tahir Farooq castigates economists for being obsessed with the mathematical formulations of dynamic stochastic ...

STOCKHOLM (AP) — Three researchers who probed the process of business innovation won the Nobel memorial prize in economics Monday for explaining how new products and inventions promote economic growth ...

Prize showcases work on factors that underpin economic growth Winners are professors at U.S., French and British universities Aghion wants Europe to learn from U.S. and China Howitt questions Trump's ...

The Royal Swedish Academy of Sciences on Monday awarded the Nobel Memorial Prize in Economic Sciences to Northwestern University professor and Reason contributor Joel Mokyr "for having identified the ...

Joel Mokyr, Philippe Aghion and Peter Howitt have been awarded the Nobel Prize for Economic Sciences for their work explaining how innovation and what economists call “creative destruction” drive ...