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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

Airlines engage heavily in dynamic pricing, where the price is adjusted based on timing of purchase and other factors, ranging from peak travel times to last-minute attempts to fill empty seats. Add tiered memberships and baggage fees, and prices can vary considerably....
5 min read
Warsaw city skyline at night, featuring the illuminated Tower of Warsaw against a dark sky.
Managing the economy

Poland's Transition from Communism: Non-Corrupt Auctions and Equitable Resource Distribution

Published on October 14, 2024

An image of Hallgrimskirkja church surrounded by trees and a pathway leading up to its entrance.
Managing the economy

The Resilience of Iceland: Why It Recovered Rapidly from the 2008 Economic Crisis and Maintains Economic Stability Today

Published on October 14, 2024

A collection of "I Voted" stickers resembling the USA flag scattered on a white surface.
Managing the economy

Government Price Setting vs. Price-Gouging Laws

Published on September 22, 2024

An image of cherry blossom.
Factors of production Managing the economy Global economics

MITI and the Economic Development Miracle of Japan

Published on September 21, 2024

An image of a few stack of coins.
Managing the economy Market failures

Analyzing Greedflation's Contribution to Inflation in the U.S. 2021-2024

Published on September 21, 2024

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Managing the economy

Government Spending Divorced From Economic Multiplier Effects

Published on September 21, 2024

Newer Posts
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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

Since the start of the Covid pandemic, a significant portion of white collar workers in the West have been working remotely. As companies and governments want workers to return to the office, a labor force debate has erupted over remote work....
5 min read

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Fast food restaurants with electronic menus have the ability to change prices rapidly, known as surge pricing.
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