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What would happen if sellers could use AI to determine how much you are willing and able to pay for every possible product?

The Economics of Hyper-Personalization: When Every Consumer Gets a Different Price

One fear regarding artificial intelligence (AI) is its potential ability to analyze and profile customers to allow sellers to engage in perfect price discrimination: charging each customer the maximum amount he or she is willing to pay. What would be the economic ramifications?...
4 min read
Business economics

Revenue_graph

Saddique Ansari • February 04, 2019 • 1 min read

Author bio

PRICE (£) QUANTITY DEMANDED (000) TOTAL REVENUE (000) MARGINAL REVENUE (000)
10 3 30
9 4 36 6
8 5 40 4
7 6 42 2
6 7 42 0
5 8 40 -2
4 9 36 -4
3 10 30 -6
2 11 22 -8
1 12 12 -10

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Thanks to the ease of remote work with today's technology, do cities still enjoy an agglomeration advantage?

The Geography of Remote Work: Are Cities Losing Their Agglomeration Advantage?

With high speed Internet, many white collar workers can work from anywhere. Does this ability to work for a big city firm from a town thousands of miles away weaken the agglomeration advantage traditionally enjoyed by big cities?...
4 min read

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