The underlying economics behind contests: The Conservatives leadership battle, Miss India, Eurovision, Brexit and Inequality

post image

From hit shows like Strictly Come Dancing to Miss India, the Conservative party leadership battle and the recent Eurovision extravaganza – contests teach us a lot about human behaviour, taste and the way markets operate. Tacky, fun or lifestyle enriching contests inform us about the interaction of the consumer (judge/voter) and the supplier/firm (contestant) lookingRead more

Should the UK remain in a Customs Union?

This Blog post was written by Dr Huw Edwards. The debate over ‘what kind of Brexit?’ seems to be reaching an important tipping point, with the Labour party now joining with pro-European Tories and the Confederation of British Industry in recommending one particular form of ‘soft Brexit’: namely, that the UK should remain in aRead more