Externalities are an important concept in economics as they are one of the many potential issues with markets. Negative externalities, for example, occur when costs are imposed on others outside the market system. Air pollution is but one example.... continue reading
Many colleges and universities require full-time undergraduate students to purchase a full meal plan as long as they live on-campus. To students this can often feel like they are being exploited, especially given the high average meal cost of... continue reading
Smoking bans have shown to have many effects, some intended, some unintended, like Adams and Cotti's (2008, Journal of Public Economics) finding that smoking bans led to more fatal accidents from drunk driving. The mechanism is that smokers were... continue reading
The Alchian-Allen Theorem states that when there are two substitute goods of differing quality and a fixed per unit amount is added to the cost of the product, consumption will shift towards the higher quality good as it is relatively cheaper. The... continue reading
When lit from within with one large fire or multiple fires, and observed from above, the standing stones that comprise Stonehenge split the light rays creating a radiating effect similar in appearance to a star.
Neolithic People... continue reading
This idea seeks to establish a novel conceptual framework to building design and construction that is based on plant organismal development. Firstly lets compare the idea of design as it applies to architecture and plant development. Once... continue reading
Social Jailbreak (SJB) describes a proposed viral application that would allow social media users to communicate beyond the limits imposed by social media monopolies. Several platforms (e.g. Hootsuite) and some social networks (mainly... continue reading
Herling (2000:13) in his "Operational definitions of expertise and competence" outlined three basic components of expertise: knowledge; problem-solving; and experience.
Here, I propose a more sophisticated differentiation that involves four... continue reading
File extensions for data sharing sometimes lie about their contents.
Here is an algorithm to infer the actual delimiter of a CSV, TSV or any related format:
Academic entrepreneurship concept has been in place for a while, but not many well-documented research studies approached it from the angle of making academic entrepreneurship a genuinely commercially-viable venture. Even in highly-cited books... continue reading
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