Learn something new about the economic theory we take for granted. Choose an article.
Economic articles by students of Pace University.
THE ROMANCE OF ECONOMICS:
HOW TINDER BEHAVES AS A MARKET
Online dating behaves more like a market than you would think. Considering that the dating market behaves so similarly to markets that economists watch and study, Anthony Zucchero shows how deficiencies in the market can be alleviated, or at the very least improved, by applying economic thinking. Read more >>
THE EFFECT OF COMPETITIVE BALANCE
ON REVENUE AND FAN INTEREST IN THE MLS
Major League Soccer is in a transitional state which lift it into the realm of global relevancy. Josh De Leon explains how through the effects of the Designated Player rule on competitive balance, wage dispersion, and the standing of the MLS among world leagues. Read more >>
DEADLINES AND DIAPERS:
THE OPPORTUNITY COST
OF RAISING CHILDREN
Many parents have a hard time balancing their two lives: work and home. The importance of deadlines and diapers will vary by family, but Katelyn Postiglione discusses the factors that each family must consider to find its own balance. Read more >>
PUSH AND PULL:
WHY DO CHINESE STUDENTS RETURN TO CHINA AFTER EARNING A DEGREE IN THE U.S.?
A number of Chinese students come to the U.S. to obtain degrees, but only a fraction stay after graduation. Shayleen Reynolds conducted a push-pull analysis to measure and explain the contributing factors associated with this decision. Read more >>
of Smuggled Cigarettes
Suppose you're a smoker that is offered the same pack of cigarettes you normally buy, but for less. You should accept any price less than what you would normally pay, right? Tadhg Looram found that people don't, but there's a reason why. Read more >>
Playing the Billionaire Sport:
Debt and the Market for Luxury Goods
Consumer debt and the market for luxury goods have long been debated issues among economists. Why would a rational person spend $510 on a pair of Yeezy sweatpants when there is a $40 alternative? Annamaria Watson explores just this. Read more >>
In economics, we learn that there is no such thing as a free meal. Charles Brooks explores how a game listed as “free” is able to generate nearly $2 billion in one year.
A nickel, today is an unthinkable wage for work, yet for individuals below the poverty line, 5 cents is a sufficient basis for a full time job. Yulia Palianok brings to light the economics behind turning nickels into a full-time job.
The Behavioral Approach
The idea was simple: give Person X a sum of money and present them with the opportunity to (A) split the sum right down the middle with Person Y; or, (B) keep 90% of the sum and give the remainder to Person Y. Melissa Navas shows why the answer may not be what you expect.
The price of being a dedicated fan is usually understood; you stick with your favorite artist, hobby, team, or band through the good and bad times. Chris Le studies how ticket arbitrage is disrupting the market.
It’s 7 A.M. and you have just finished the research paper, two hours before it is due, that your professor assigned on the very first day of class. Melissa Navas explores the economic rational for why we do this to ourselves time and time again.
An Uber Solution to New York Cab Warfare
When we hear the words "New York City," three things come to mind: Bright Lights, Tall Buildings, and Yellow Taxis. However, one aspect of this classic image is being challenged. Charles Brooks discusses why.
THE ART OF IPOS
Before you respond to the hype surrounding the next Initial Public Offering, you may want to hear Logan Suba’s take on market efficiency and the pricing of IPOs.
D.R.E.A.M.ING OF THE BIGGER PICTURE
The US government spent about $18 billion on immigration prevention in 2013. Francy Naranjo discusses how the DREAM Act proposes a potential solution if we're willing to look at the bigger picture.