These are financial contracts that secure a predetermined future date and price for an asset. The assets used in futures […]

A Japanese word for a common monetization method in free to play video games. It allows players to spend money […]

The benefits that each party gains from a transaction compared to how they would have fared without the exchange. Also […]

A reference to Charles Darwin’s On the Origin of Species. It refers to the independent development of functionality within isolated […]

A model of strategic interaction that describes the players, the feasible strategies, the information that the players have, and their […]

A branch of mathematics that studies strategic interactions, meaning situations in which each actor knows that the benefits they receive […]

The prevention of use or purchase of a given good. Some vendors perform this behavior to increase an item’s exclusivity […]

A measure of the level of prices for domestically produced output. This is the ratio of nominal (or current price) […]

A business that is owned by two or more persons.

Technological advances that can be applied to many sectors, and spawn further innovations. Information and communications technology (ICT), and electricity […]