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When you listen to your favorite artist through a subscription service, does he or she get paid fairly for the work they produced?

The Streaming Royalty Puzzle: Who Gets Paid and Why

Artists create amazing songs, books, paintings, television shows, and movies. When copies of these original creations are paid for by millions of customers, how are these artists compensated? Is it a fair system?...
4 min read
Substitution Effect
Definitions

Substitution Effect

Saddique Ansari • January 29, 2020 • 1 min read

Author bio

Substitution effect – definition

The substitution effect is the effect on demand of a price change caused by a switch to, or away from, a cheaper or more expensive alternative.

substitution effect diagram

Together with the ‘income effect’, the substitution effect provides a simple explanation of why a demand curve typically sloped downwards.


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How much would you be willing to pay to ensure that your identity was protected online?

The Rise of Pay-to-Verify: Monetizing Digital Identity

With threats from hackers and scammers increasing online, many consumers and businesses are willing to pay for identity verification and identity protection services. What is the market for these services?...
4 min read

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