This paper discusses the licensing of technology between rival firms in a Cournot duopoly with horizontal and vertical product differentiation. The firms produce products of different qualities (high ...

George Stigler’s 1971 paper “The Theory of Economic Regulation,” stands as an important piece of economic research. While most of the profession was convinced regulation advanced the overall public ...

Human brains are superior to LLMs in energy efficiency, but the models can become better at using their networks ...

For over a century, quantum mechanics and Einstein’s general relativity have stood as the cornerstones of modern physics, yet their unification remains one of science’s greatest challenges. Now, ...

Human capacities to get things done have co-evolved with the technologies we have invented. The wheel made us more mobile. Evolutionary Intelligence (alongside computers) will make us smarter. Russ ...

On May 29, 1919, a total solar eclipse helped to prove Albert Einstein's theory of general relativity. Einstein's theory suggested that gravity could bend light by curving the fabric of spacetime. To ...

Twin black hole collisions detected in 2024 have provided the sharpest-ever test of Einstein’s theory while revealing new details about how black holes form and spin.