Understanding the Ratchet Effect in Economics: Examples and Implications

Learn how the ratchet effect influences economic processes, consumer behavior, and market dynamics, with examples from political economy and business sectors.
Kellogg School of Management

PhD in Managerial Economics & Strategy

The Ph.D. program in Managerial Economics & Strategy (MECS), a program offered jointly by the Departments of Managerial Economics & Decision Sciences (MEDS) and Strategy, emphasizes the use of ...