ESSAYS -
LIST OF AVAILABLE ESSAYS ...
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Galbraith's The Great Crash of 1929
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This 3 page paper provides a book review of this work by a well known economist. No additional sources cited.
Filename: SA914gal.rtf

Game Theory
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5 pages. An excellent and thorough explanation of the Game Theory of economics. Explains in detail how this theory works and how it applies in real-world situations to companies with oligopolies. Standard microeconomics provides a theory of decision-making where the outcomes of various decisions are known. Game theory provides rational solutions when the outcomes are uncertain. Game theory has proven very useful in the study of oligopoly markets where each participant must take account of the reactions of its competitors. Bibliography lists 3 sources.
Filename: JGAgame.rtf

Game Theory
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This 5 page paper examines game theory, looking at a business application of the prisoners dilemma, and the theories of Nash, Cournot and Bertrand. The bibliography cites 6 sources.
Filename: TEgmthry.rtf

Game Theory
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This 10 page paper looks at the paradigm of game theory. The paper explains what game theory is where and how it works and the effects that it may have on a companies decision making processes. To aid understanding the paper uses an example of two companies and the outcomes that may be seen in different scenarios and the reasoning behind the formation of cartel's. The bibliography cites 2 sources.
Filename: TEgameth.wps

GAME THEORY AND MODERN MANAGEMENT
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This 3-page paper attempts to determine how game theory can be applied to an oligopoly situation. Bibliography lists 2 sources.
Filename: MTgamemgmt.rtf

Game Theory as a Decision Making Paradigm
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This 8 page paper considers a statement claiming that although Game Theory, also known as decision theory, may not be able to provide facts where there are none, that it may be seen as a model that will give a framework for the organization of thought and give increased decision making perspective. The bibliography cites 7 sources.
Filename: TEdecthe.wps

Garzarelli's Edge, The Sequel (Article Review)
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This 3 page paper examines the article Garzarelli's Edge, The Sequel, which evaluates Elaine Garzarelli's true abilities and how she markets her services. Garzarelli is well known for predicting the 1987 market crash. No additional sources cited.
Filename: SA741G.rtf

Gas Price Elasticity
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A 5 page paper discussing gas price elasticity in light of the record-breaking prices of the summer of 2000. A product of high elasticity is one that exhibits significant response to the laws of supply and demand. Unfortunately, gasoline is not one of those products. Consumers may change travel plans when prices exceed $1.50 a gallon, but gas is seen as a necessity for everything but vacation. Although alternatives are slowly becoming available, few exist in 2000. In addition, gas purchases account for only a small fraction of available income. If any or all of these conditions were different, then gas would be a more elastic product. For the present, it remains a product of low price elasticity of demand. Bibliography lists 7 sources.
Filename: KSgasPrice.wps

Gas Rationing
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This 6 page paper discusses what might happen if the U.S. Congress devised a means by which American consumers would have to ration their gasoline. Bibliography lists 4 sources.
Filename: HVGasRat.rtf

Gasoline Prices Change and a Reflection of Supply and Demand
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This 4 page paper takes a newspaper article about increasing gasoline process in Michigan and examines this from the perspective of supply and demand. The underlying economic concepts are explained and applied to the price movement in the gas prices, the movements are illustrated with the use of 2 supply and demand graphs. The bibliography cites 4 sources.
Filename: TEgas2006.rtf