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Online gamers can spend significant sums of money through in-game purchases, raising questions about behavioral nudges and gaming.

The Free-to-Play Game Economy: Selling Pixels for Billions

Today's gamers can make purchases within video games themselves, buying lives, equipment, appearance packages, etc. How much economic impact does this online market have, and should we be concerned about the potential for online gaming addiction?...
5 min read
Trade-Off in Economics
Definitions Business economics

Trade-Off in Economics

Published on June 23, 2024

Economies of Scope
Definitions Business economics

Economies of Scope

Published on June 19, 2024

Understanding Trade Embargo
Definitions Global economics

Understanding Trade Embargo

Published on June 19, 2024

Types of Takeovers in Economics
Definitions Competitive markets

Types of Takeovers in Economics

Published on June 18, 2024

Diminishing Marginal Benefit
Definitions Business economics

Diminishing Marginal Benefit

Published on June 16, 2024

Credit Default Swap (CDS)
Definitions Competitive markets

Credit Default Swap (CDS)

Published on June 16, 2024

Washington Consensus Definition
Definitions Managing the economy

Washington Consensus Definition

Published on June 16, 2024

Regressive Taxes
Definitions Managing the economy

Regressive Taxes

Published on June 09, 2024

Larger Share of Global Economy Finds Itself Behind Digitally Isolated

Larger Share of Global Economy Finds Itself Behind Digitally Isolated

Published on June 09, 2024

Neoliberal Meaning
Definitions Managing the economy

Neoliberal Meaning

Published on June 09, 2024

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Thousands of content creators post daily on YouTube, TikTok, and other social media sites in hopes of "going viral."

The Economics of “Going Viral”: Attention as a Scarce Resource

They say that everyone wants to be famous. Today, virtually anyone can, thanks to social media. However, there are high costs of trying to master the algorithms to create the most desirable content. What are the economic costs and benefits of trying to "go viral" online?...
4 min read

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