The economics of channel surfing

Those in the television business have long know that people seem to have irrational viewing habits--they'll stay on a channel and neglect to click away even if there's something else more interesting on elsewhere. But now two economists have actually documented this inertia in Italy. And it turns out TV companies rely heavily on it for their profits.

The economics of corporate crime

Why do companies break the law? Poor morals on the part of their executives, perhaps. But recent research suggests that a great deal of corporate crime appears to be rational--the upsides of price-fixing, for instance, are far higher than the penalties.