Intertemporal choice is one of the foundational models in economic theory. It sets the human lifetime in just two periods – today and tomorrow – to evaluate how people make choices over time. Generally, an individual can prefer to save money today and spend more tomorrow, or borrow today and spend less tomorrow. Quite often, […]
Tag: art
By Giovanna Mazzeo Ortolani Recent events around the world show the potential damages to non-profit organizations or public institutions which face revenue uncertainties, usually due to funding cuts during economic slowdowns. At the beginning of September, a fire burned down Brazil’s National Museum in Rio de Janeiro, a 200-year-old institution whose collection used to contain, […]
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