Because a cash prize or a Mercedes can be exceedingly expensive, charitable event planners buy prize indemnity insurance to hedge their risk.
Micro-insurance that protects African farmers from infestations and drought can have a surprising impact on their willingness to invest.
Our economic news summary ranges from elasticity and a Berkeley soda tax to the minimum wage and the cost of living, to the power of the market and ivory.
Our everyday economics includes risk, externalities, purchasing power, complementary goods, capitalism, money supply, human capital, and innovation.
The cost of a natural disaster tends to be higher in dollars in developed nations and in victims in the developing world.
Our everyday economics includes human capital, incentives, behavioral economics, cost and benefit, exports, tradeoffs, inequality, risk,markets, and income.