Author: EconLearner

As impressive as that number is, it pales in comparison to many other drugs on the market, some of which cost as much as seven figures for a typical course of treatment.In the US, such high drug prices can limit access for many and drive up insurance costs, fueling the ongoing debate: Do biopharma companies really need to charge as much as they do?”The industry response has been as consistent as the complaints,” he says David Dranov, professor of strategy at Kellogg. “They say they have to cover their research costs and if they don’t, they have to cut the…

Two veteran rate watchers offer dramatically different takes on a dangerous security: the 30-year Treasury. With William BaldwinSenior Contributor Tbull market bonds which lasted four decades stopped in 2020. The yield on long-term government bonds has quadrupled. And now what? Faced with this question are two extremists, both longtime yield curve analysts, both stubbornly clinging to their long-held views. One, a bond bull, was spectacularly right for 38 years and then just as spectacularly wrong. The other has a history that is almost a mirror image. The bull is Gary Shilling, Ph.D. economist whose A. Gary Shilling’s Insight The newsletter…

But Kellogg researchers challenged that conventional wisdom in a recent study. While moving up the government ladder gives more power, it also puts politicians under the microscope as the media and other organizations closely monitor their activities for signs of corruption. If the incumbent wants to be re-elected, the harsher spotlight could discourage them from doing favoritism.”There’s more scrutiny at the highest levels,” he says Kieu-Trang Nguyen, assistant professor of strategy at Kellogg. Although the politician has more power to distribute favors, “this entails greater risk.” And if control is strong enough, the researchers hypothesized, the trend might actually go…

Instead, using a combination of qualitative and quantitative methods to identify both what and Whyaccording to two Kellogg School professors, it’s what makes a strategy analysis a useful tool for change.”Each one has something powerful to offer,” he says Joel Shapiro, clinical associate professor of data analytics at Kellogg. “Quantitative analysis helps you spot broader trends, while qualitative analysis investigates human motivation, but the insights are difficult to scale.”David Sonthal, clinical associate professor of innovation and entrepreneurship at Kellogg, says the real value is in how these two approaches complement each other. “When you combine data analytics with a deeper…

WEST HOLLYWOOD, CALIFORNIA – NOVEMBER 11: (LR) Vanessa Bryant, Kelly Sawyer Patricof, Co-CEO, … [+] Baby2Baby, Salma Hayek Pinault, Norah Weinstein, Co-CEO, Baby2Baby, Kim Kardashian and Jessica Alba attend the Baby2Baby 2023 Gala presented by Paul Mitchell at Pacific Design Center on November 11, 2023 in West Hollywood, California. (Photo by Presley Ann/Getty Images for Baby2Baby)Getty Images for Baby2Baby Imagine not having diapers for your baby and using newspapers instead. Or the image of the hungry, crying newborn running out of formula and giving your child Gatorade so they don’t starve to death. Although these scenarios are heartbreaking, this is…

Winter is knocking on the door and for ski enthusiasts, that can only mean one thing – it’s time to embrace the shady slopes. But as excitement for ski season grows, so does concern about cost. Skiing is not cheap. Here, we reveal the secrets to wringing every ounce of value (and fun) from your ski adventure while keeping your hard-earned cash in your pocket. From game-changing ski passes to some of the most affordable mountains across the country to smart money-saving hacks, we’ve got the scoop on how to ski affordably this year. Here’s how you can save money…

The photographic version of a photo showing Jack Nicholson being asked to sign a picture of Heath … [+] Ledger as the Joker.Twitter An image of Jack Nicholson looking disgusted as he appears to be asked to sign a photo of Heath Ledger as the Joker has gone viral. And while it’s a good joke, the image is fake. The photo was most recently posted on a movie-focused account on X, the social media platform formerly known as Twitter, where movie buffs found it quite amusing. The image has even been collected 700,000 views at the time of this writing.…

Starbucks’ entry into the metaverse has drawn criticism as well as praise. Some have gone so far as to suggest that Starbucks is “destroying” The highly successful Starbucks Rewards program with the new strategy. Others have suggested that the iconic coffee chain is falling victim to chasing-the-shiny-object syndrome from jumping on the NFT bandwagon.On the other hand, some might suggest—as Starbucks itself does in the announcement—that they’re ahead of the competition, once again, based on their “history of using cutting-edge technology, innovating and making it accessible”—that at a time to those who thirst for virtual coffee-related experiences.These judgments are premature.…

On the award-winning blog, The Chamber of Commerce, Marty Lariviere, a professor of operations at the Kellogg School, has published on the many ways organizations adapt their supply chains to keep their operations running. It also draws lessons from their efforts. Here are some of our favorite lessons from the past few months.In the first weeks after the pandemic arrived in the US, the nation was hit with critical shortages of PPE, including N95 masks. While rising demand may account for the shortage to some extent, Lariviere writes that a more complex set of factors led to the inventory shortage,…

Lots of people, it turns out. New research from the Kellogg School finds that leaders who admit their mistakes are seen as more authentic but no less competent than those who don’t, and that employees prefer to work with leaders who admit their flaws.In a way, it’s an intuitive idea, he explains Mariam Kouhakiprofessor of management and organizations at the Kellogg School and co-author of the study with Li Jiang of George Washington University, Leslie K. John of Harvard University and Reihane Boghrati of Arizona State University. “When we make ourselves vulnerable and when we share some of our failures…