Definitions

News


House price latest

House prices up by 6.9%.

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Model agencies collude to fix rates

Regulators find leading model agencies guilty of price fixing.

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Nash equilibrium

Nash equilibrium, named after American Economist John Nash (1928-2015) is a solution to a non-cooperative game where players, knowing the playing strategies of their opponents, have no incentive to change their strategy.  Having reached Nash equilibrium a player will be worse off by changing their strategy. In the Prisoner’s Dilemma game, when both players adopt the confess strategy there will be no incentive for either player to switch to a ‘deny’ strategy, unless it can be guaranteed that the other player also denies.

 


Alternative finance

Report on the growth of alternative finance.

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GDP latest

UK grows by 0.3% in 2nd quarter of 2017.

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Customs unions

Costs and benefits of customs unions.

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New materials

Multiple choice papers for Paper Three.

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Brexit update

Article 50

What trading options are available to the UK?

Savings ratio

Savings ratio falls to lowest level on record.

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Tax avoidance

Double Irish - and a Dutch Sandwich more..

The OECD presents its final package for reform of international tax rules..more

OECD - reducing income inequality will boost growth..more