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Modern technology and algorithms will likely lead to increased dynamic prices in tickets for sports and entertainment.

Dynamic Pricing in Sports and Entertainment

Over the past decade, dynamic pricing has expanded as we purchase everything from food to transportation to entertainment online. When variables change around us, sellers can raise or lower prices to maximize revenue given our fluctuating demand. Is this ethical?...
4 min read
Price ceiling
Definitions

Price ceiling

Saddique Ansari • January 29, 2020 • 1 min read

Author bio

Price ceiling – definition

A price ceiling is a cap on a price, which sets the upper limit for a price. If market price moves towards the ceiling, intervention selling may be used to keep the price within its target range.

Price ceiling diagram

  • See also price floor

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What caused the rapid rise of Airbnb and Vrbo (short-term rental market) as rivals to hotels and motels?

The Economics of Short-Term Rentals vs. Hotels

Most consumers are familiar with the popular short-term rental apps Airbnb and Vrbo. What caused their rapid rise in the vacation market? Why has that market cooled in recent years, swinging demand back to hotels?...
4 min read

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