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What an Economist Brings to a Business Strategy

Harvard Business Review

SEPTEMBER 29, 2014

Walker’s innovation was to bind travelers to pay the prices they bid if the airlines and hoteliers on Priceline accepted the offers. Economists and finance. That way, travelers took their offers much more seriously than if they simply could “name their price” without any purchase obligation.

Strategy 12
Strategy Black-Scholes Airlines Price 12
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The Irish Banking Crisis: A Parable

Harvard Business Review

NOVEMBER 29, 2010

In slightly more formal terms, Id suggest that they were able to take on, at least in tiny part, five of Robert Merton and Zvi Bodies six standard functions of a financial system: settling payments, providing information, setting incentives, pooling resources, and transferring resources.

Banking 15
Banking Crisis Merton Guidelines 15
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