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Could sophisticated AI software quickly determine the maximum you would pay for any item, and charge you accordingly?

Surge Pricing in the Age of AI: Fairness or Exploitation?

Some people fear that one of the many changes coming with AI is rampant price discrimination, where algorithms analyze each consumer and charge him or her the maximum price that he or she would be willing to pay. What could happen to society?...
4 min read
A swirling pattern of white and light blue lines against a dark green background.
Factors of production Labour markets Business economics Competitive markets

Comparative Advantage in the Age of Automation: The Impact of AI on Global Trade Dynamics

Published on February 09, 2025

Public Goods and the Free Rider Problem: Evaluating Climate Change Mitigation Efforts Across Nations

Public Goods and the Free Rider Problem: Evaluating Climate Change Mitigation Efforts Across Nations

Published on February 04, 2025

Consumers desire tech products that synchronize, creating network effects.

Economies of Scale in the Tech Industry: How Big Tech Firms Achieve Dominance through Network Expansion

Published on January 31, 2025

The 2008 financial crisis triggered the Great Recession (2008-09), which was the worst since the Great Depression.

Moral Hazard in the Banking Sector: Lessons from the 2008 Financial Crisis and Beyond

Published on January 30, 2025

Traffic congestion can cause several negative externalities that harm consumers and society.

Externalities and Urban Congestion: Analyzing the Economic Costs and Policy Responses in Major Global Cities

Published on January 30, 2025

A ship exporting goods overseas in shipping containers.

The Prisoner's Dilemma in Modern Trade Wars: Analyzing the US-China Tariff Escalations

Published on January 26, 2025

The Economic Effects of Working Remotely

The Economic Effects of Working Remotely

Published on January 30, 2024

Newer Posts
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A sign signaling the pick-up location for ride share drivers, who are a major component of the gig economy.

The Gig Worker’s Dilemma: Flexibility vs. Stability

Many people find the idea of working whatever hours they choose to be appealing. Essentially, they get to be their own boss! However, unwary workers may quickly discover some disadvantages of being part of the gig economy. Why might they struggle?...
5 min read

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Today's digital era can result in subscription fatigue as consumers try to mentally budget their many digital subscriptions.
The Subscription Fatigue Paradox: When Too Many “Small” Payments Hurt Growth
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Polluting firms can purchase carbon offsets (also known as carbon credits) to reduce their environmental impact. Does it work?
Carbon Offsets and the Market for Guilt Reduction
September 17, 2025
International Money Transfers: Reducing Transaction Costs and Enhancing Efficiency
International Money Transfers: Reducing Transaction Costs and Enhancing Efficiency
September 16, 2025

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