A Friday Thought on the Income and Substitution Effect.

Posted on 27th September 201828th September 2018 by Mark Faulkner

So, exactly how do you motivate your big earners? It’s really as obvious as it sounds! A few weeks ago we published an article on the law of diminishing marginal returns, a classic A-level economics subject. So whilst in A-level syllabus mode, we had a notion to do an article on the income and substitution Read more about A Friday Thought on the Income and Substitution Effect.[…]

A Friday thought on the law of diminishing returns.

Posted on 7th September 2018 by Mark Faulkner

So at what point does an additional cook spoil the broth? Through a number of engagements over the last week, the notion of diminishing returns has entered my work a couple of times. On both occasions the idea was met with surprise by a number of colleagues. So, I thought, if there are a handful Read more about A Friday thought on the law of diminishing returns.[…]