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Today, firms use massive sets of data just as they would any other factor of production.

Data as Capital: Rethinking the Factors of Production

In the past quarter-century, digital data has become a new factor of production, allowing firms to create new products, communicate with suppliers and retailers, and advertise to customers. How does data affect firms' value, and how will it affect macro-level economic growth?...
4 min read
When shopping online, could you be charged a personalized price based on an AI analysis of your income and habits?

Price Discrimination in the Digital Age: How Companies Maximize Profits Through Personalized Pricing

Published on March 30, 2025

Your airline ticket price can vary considerably based on time of purchase and amount of baggage.

Why Airline Ticket Prices Fluctuate: Understanding Dynamic Pricing Strategies

Published on March 28, 2025

A Zoom or Google Meet video meeting showing many participants on a person's laptop computer.

The Economics of Remote Work: How Labor Markets Are Adjusting to the Post-Pandemic World

Published on March 20, 2025

Gold is a traditional hedge investment, but now is challenged by cryptocurrency.

Cryptocurrencies and Inflation Hedging: Can Bitcoin Really Replace Gold?

Published on March 18, 2025

Is rapid trading on free investing apps the result of gamification of finance?

Behavioral Economics and the Gamification of Finance: How Apps Like Robinhood Influence Trading Behavior

Published on March 18, 2025

Many streaming services offer access to an entire library rather than individual movies or TV show seasons.
Business economics

The Economics of Subscription Models: Why Businesses Prefer Recurring Revenue Over One-Time Sales

Published on March 17, 2025

Thanks to rapidly-adjustable websites and apps, airlines can engage in dynamic pricing.

Price Discrimination in the Airline Industry: How Airlines Maximize Revenue Through Dynamic Pricing

Published on March 11, 2025

Despite being created to save us time, modern appliances do not seem to make us any less busy.

The Paradox of Automation: How Labor-Saving Technology Can Create More Jobs

Published on March 11, 2025

A classic debate over fair pay for labor involves governments imposing minimum wage laws.

The Minimum Wage Debate: Do Higher Wages Boost Productivity or Destroy Jobs?

Published on March 07, 2025

Grocery prices may not seem to be rising.  Is it lower costs of production, or is it shrinkflation?

Inflation and Shrinkflation: How Firms Use Hidden Price Adjustments to Navigate Economic Turbulence

Published on March 07, 2025

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If AI software scans you and decides you want the product more than average, should it be able to charge you more money?

AI Price Discrimination and the End of the “Uniform Price”

Sellers have long wished to be able to charge higher prices to customers who are willing and able to pay more. Now, with AI software, sellers may finally have the ability to quickly and accurately analyze customers' willingness to pay. Is this ethical?...
4 min read

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