Author: Nadia Bacha

The Lipstick Effect

The Lipstick Effect

The use of cosmetics and beauty products can be traced back to the earliest of human activities – the ancient Egyptians are famed for their kohl eyeliner and dramatic eye makeup. A large number of beauty products in the past were sourced with natural ingredients – horrifyingly enough, charcoal and bugs were commonly used to…

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Price vs Quantity: The Showdown of Oligopolies

Price vs Quantity: The Showdown of Oligopolies

Many economics students you would talk to would be familiar with the Cournot and Bertrand models of competition. It’s one of the main things learnt in any industrial module or intermediate microeconomics course, encompassing duopolistic competition with the infamous Nash equilibrium – it’s a key industrial concept that highlights the differences between quantity and price…

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