by Iliyah Maddox | Feb 12, 2026 | business and economy, social and behavioural sciences
If you ask someone in the United States whether to reconsider their health insurance plan choices, they may sigh, roll their eyes, and offer a story about navigating a maze of deductibles, networks, and confusing brochures. In practice, most people end up doing the simplest thing possible: they stay in the same plan they are already in. Economists have long noticed this pattern. Even when plans raise their prices or competitors offer better deals, people tend to remain where they are. This raises a fascinating question: do people stay because switching is difficult, or because they genuinely prefer the plan they already have? A new study by the economist Prof. Ariel Pakes of Harvard University, and colleagues Prof. Mark Shepard and Prof. Jack Porter, digs into this puzzle and uncovers some surprising answers. Although the study uses sophisticated mathematical tools, the insights are straightforward and important for anyone interested in how health insurance markets work.
by Iliyah Maddox | Oct 6, 2025 | business and economy
Research from Professor John Willoughby and Christian Fignole at American University in Washington DC examines how diverse ownership structures persist in market economies, challenging the assumption that capitalist ownership automatically emerges as the most efficient form. Using economist Henry Hansmann’s institutional framework, they argue that while capitalist owners contribute little to enterprise operations, this does not guarantee that worker ownership would become dominant in post-capitalist societies. Their analysis reveals that heterogeneous ownership forms will likely continue to exist due to the varying conditions that exist in different sectors of a market economy.
by Iliyah Maddox | Sep 30, 2025 | business and economy
Research from Dr. Andrey Kostyuk at the Grenoble Ecole de Management supervised by Prof. Martina Battisti, a Senior Fellow of Higher Education Academy, and Director of European Council for Small Business and Entrepreneurship, reveals that successful startup mentoring operates as a complex social exchange where both mentors and entrepreneurs must benefit for ventures to thrive. The findings advance the understanding of entrepreneurial mentoring and provide a blueprint for designing more effective mentoring programs that could accelerate sustainable startup growth worldwide.
by Iliyah Maddox | Sep 24, 2025 | business and economy, engineering and tech
Operating and maintaining highway rest areas across the United States has long posed a costly challenge for state transportation departments, especially amid tightening budgets and rising demand. In a new study, Dr. Kishor Shrestha, associate professor at Washington State University finds that one outsourcing method known as method-based contracting is significantly more cost-effective than its two main alternatives. The results offer transport officials a clearer path forward for running rest areas more efficiently, and could help to preventing costly, potentially dangerous closures in the future.
by Iliyah Maddox | Aug 26, 2025 | arts and humanities, business and economy
Research from Professor Juliane Reinecke at the University of Oxford and Professor Jimmy Donaghey at the University of South Australia reveals how strategic ambiguity in international agreements can paradoxically strengthen rather than weaken collective action. Their eight-year study of the Bangladesh Accord for Fire and Building Safety demonstrates how deliberately vague language that initially enables difficult negotiations can evolve into robust, expanding commitments that exceed original expectations.
by Iliyah Maddox | Aug 22, 2025 | arts and humanities, business and economy, earth and environment
Research from Dr. Bernhard Reinsberg at the University of Glasgow and Dr. Christoph Valentin Steinert at the University of Zurich reveals how France’s groundbreaking mandatory due diligence law defied business predictions of economic harm. Through analysis of 11,504 French companies over fifteen years, their study demonstrates that requiring firms to monitor human rights and environmental standards in their supply chains had no significant impact on profitability. Their findings challenge widespread industry claims that such regulations threaten competitiveness and provide crucial evidence for policymakers considering similar legislation worldwide.
