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— Andy Borowitz"Remember, no matter how hard your life is right now, it would be worse if a song by Chicago was playing."
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I have a 92 year old father whose doing beautifully who lives in Chicago and a sister and a nephew and a niece and I love coming back and try to do so fairly often.
— Bob Balaban
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A colleague saw the same model-calibrating the elasticity of demand facing a Cournot oligopolist as a function of the number of firms in the industry--described at the University of Chicago and at M.I.T. A Chicago economist derived the formula and said, "Look at how few firms you need to get close to infinite elasticities and perfect competition." An M.I.T. economist derived the same formula and said, "Look at how large n has to be before you get anywhere close to an infinite elasticity and perfect competition."
— Matthew Rabin
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