Discover what administered prices are, their role in economies, examples from history, and how they impact supply, demand, and economic efficiency.

Explore the sunk cost dilemma, a key financial concept impacting decisions on investing in failing projects. Learn how to manage it with real-world examples and insights.

A new study published by the National Bureau of Economic Research (NBER) this month found that California’s 2023 minimum wage hike cost the state thousands of jobs. Researchers found that the state’s ...

When the minimum wage does not go up, it goes down in buying power. The federal minimum wage has been stuck at $7.25 per hour since July 24, 2009. For full-time workers that amounts to $15,080 if you ...

California Gov. Gavin Newsom signed Assembly Bill 1228 into law in September 2023, which established a Fast Food Council within California's Department of Industrial Relations and increased the ...

At the start of the new year, some Colorado workers will get a bump in pay as Denver's minimum wage will go up 52 cents, from $18.29 to $18.81. The minimum wage has continued to see increases ...

Proposition 32 on this year’s ballot would raise California’s minimum wage to $18 per hour, but it would also raise the cost of living. Proponents often claim that previous wage hikes had little ...

Rasmus Kyng and his team developed an ultra-fast network flow algorithm that can compute the optimal traffic flow in real-time, regardless of network size or complexity. This breakthrough, combining ...

Mathew Johnson receives funding from the UKRI/Medical Research Council; Grant number MR/T019433/1. Damian Grimshaw receives funding from the Economic and Social Research Council and the International ...

Paul Blacklow is affiliated with Economic Society of Australia. This article is part of The Conversation’s “Business Basics” series where we ask experts to discuss key concepts in business, economics ...