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Author: Royal Rhino

Should We Curtail Moral Hazard in Health Care?

  If patients are completely insured against the costs of health care, will they consume more health care? Will these patients choose an equilibrium that is non-optimal to the welfare of society? These are the main concerns of moral hazard,

Royal Rhino April 28, 2017 Uncategorized Read more

Ivory Trade and Veblen Goods

Thornstein Veblen, notable American and Sociologist, was a renowned critic of widely held economic concepts. He criticized the Marshallian model if consumers judge items in a vacuum (only costs and benefits). In his article, Why is Economics not an Evolutionary

Royal Rhino April 7, 2017 Uncategorized Read more

Advocacy for Revenue/Tax Triggers on the State Level

ADVOCACY FOR REVENUE/TAX TRIGGERS ON THE STATE LEVEL On March 16, 2017, Virginia Republican governor candidate Ed Gillespie proposed a tax reduction plan. He claimed that his tax cutting plan would save $1,300 per average Virginian household, and create 50,000

Royal Rhino March 23, 2017 Uncategorized Read more

Rideshare apps on NYC Yellow Cabs

New York City has been home to yellow cabs for more than a century, but that may yet change. Their cartel grasp over New York automobile transportation has been challenged by rideshares, like Uber and Lyft. These companies have had

Royal Rhino March 2, 2017 Uncategorized Read more

Real Disposable Income Per Capita on Peanut Butter Consumption

This assignment required the use of the USDA’s Economic Research Service Food Availability System as well as the FRED Economic Database. The former was used to find peanut consumption values from 1980 – 2012, and the latter was used to

Royal Rhino February 16, 2017 Uncategorized Read more

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  • Economic Dynamics of the Media: Potential Effects on Information News Marketplace
  • Lost Passion with Fast Fashion
  • US Investigation of Global Steel and Chinese Dumping
  • Moral Hazard in Universal Healthcare: Truth or Myth?
  • What Drives Prices in the Art Market? Will Blockchain Technology Provide Greater Price Transparency, and Move the Market to a True Equilibrium?

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