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Theft - noming the noms of another - by Matt Simpson, Iowa State University statistics graduate student
Tragedy of the Commons - when nobody owns a nom, we all nom too much of it, and there’s no nom left for tomorrow - by Eric Crampton
Transaction Costs - the noms that are lost in the process of trading noms
Help us expand our vocabulary! If you have a good defi-nom-tion of an econ word, please email words@economnomnomics.com or reply to this post below. Include your word and definition and also your name and/or institution or webiste that you would like credited.
A made-up example submission:
Trust – if you believe someone who promises you noms will deliver on their promise
by John Hsu, University of Maryland