The economics of Star Wars
In a case study titled “It’s a Trap: Emperor Palpatine’s Poison Pill,” Zachary Feinstein, assistant professor of electrical and systems engineering, assesses the condition of the Galactic economy following the Empire’s collapse, and applies economic modeling and systemic risk analysis to the Star Wars economy.
Low price doesn’t always mean low quality, but it could mean a challenge to high-end products
Low quality threatens the high end.What company wouldn’t attribute its profits to the quality product it produces? The answer might be: the company that competes on price. According to research from Washington University in St. Louis, producers of lower quality products actually have better prospects for gaining market share and improving their bottom line. The findings indicate the Chinese manufacturers could easily gain an edge over American producers. More…