Economics

Richard Shell of the Wharton School says that opening high or low is a tactic used often in negotiations to anchor the other party at an extreme end of the range.

Kent Smetters of the Wharton School predicts that new tax breaks could contribute to a crisis within two decades.

The Penn Wharton Budget Model estimates that annual deficits will cumulatively increase by about $3.2 trillion during the next 10 years.

The Penn Wharton Budget Model predicts that the administration’s proposed budget bill would increase resources for the top 10 percent of Americans and lower incomes for the bottom 10 percent.

Kent Smetters of the Wharton School says that protective zoning privileges existing homeowners at the expense of new development, which leads to increased property taxes in some higher-income states.

Benjamin Keys of the Wharton School compares the approach of insurers in Florida’s housing market to “shrinkflation” by consumer brands.

Joao Gomes of the Wharton School says it is likely that some tariffs are here to stay.

Z. John Zhang of the Wharton School says that raising prices too much causes demand to decrease and companies to lose market share.

Itamar Drechsler of the Wharton School says that most acquisition of credit card customers happens directly and without a branch, which explains why American Express is the biggest spender on marketing.