IMPLICIT RENTAL RATE
Opportunity costs a company incurs for using its own assets in ongoing operations, instead of other uses. It can either be more than or less than the company’s capital cost. If the rate is lesser than the firm’s capital cost, most likely the firm won’t be able to stay much longer in business.
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Tit for Tat
Game theory mechanism subject to a payoff matrix similar to a prisoner’s dilemma. Anchored on the concepts of retaliation and altruism, this ...
Nonsegregated Disclosures
Information that must be presented legally anywhere in a lease agreement. These are required by the Federal Reserve Board Regulation M. The lease a ...
Product Line
A series of related products which are all made or manufactured by the same company.
Behavioral Economics
The scientific study on how the mind thinks and how each person reacts as it relates to the process of decision making in economics of individuals ...
Infant-Industry Theory
A theory stating the emerging domestic industries must be protected against foreign competition until they become established and mature. In econom ...
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Buying a Home: Choosing the Best Location
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An Introduction to Student Loans
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