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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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Business economics Behavioural economics Factors of production

Transaction Cost Economics and the Evolution of ERP Software Development

Published on March 13, 2024

Female holding a tablet with the word "Blockchain" on a blue background.
Behavioural economics Business economics

Time Preference and Hyperbolic Discounting: Understanding Credit Card Bitcoin Purchases

Published on March 13, 2024

Photograph of buildings on Wall Street
Behavioural economics

Private Wealth Management and Risk Perception: A Prospect Theory Perspective

Published on March 11, 2024

A neon sign that reads "PSYCHIC"
Behavioural economics Competitive markets Business economics Information Failure

The Economics of Credence Goods: How Unverifiable Services Thrive in Modern Markets

Published on March 10, 2024

A large curved screen in the background and a male hand holding a smart phone with the skype logo in blue.
Behavioural economics Competitive markets Business economics

Network Effects and the Retirement of Skype: Analyzing Microsoft's Strategic Shift and Its Market Implications

Published on March 07, 2024

Undustrial tubes seen from a top-down view.
Behavioural economics Business economics Competitive markets

The Risk-Reward Tradeoff in B2B Markets: How Fewer Clients Create Higher Volatility but Greater Margins

Published on March 04, 2024

Money Illusion
Definitions Behavioural economics

Money Illusion

Published on February 28, 2024

Smart phone with social media icons on the screen, laying on a piece of fabric.
Managing the economy Business economics Behavioural economics

Incentives and the Attention Economy: A Study in Supply and Demand

Published on February 10, 2024

Prospect Theory
Definitions Behavioural economics

Prospect Theory

Published on February 09, 2024

People standing in front of a floor to ceiling window with a city in the background.
Business economics Behavioural economics

Economies of Scale and the Rise of B2B Subscription Services: Why Selling to Businesses is a Profitable Growth Strategy

Published on February 03, 2024

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Today, the labor market is undergoing yet another evolution thanks to both applicants and hiring managers using AI.

Algorithmic Hiring and the New Labor Market Matching Function

When you see a job you want, are you using AI to optimize your online application, resume, and cover letter? Do you know whether your words will pass through the hiring managers' filters, or be automatically deleted? A look at the effect of AI on today's hiring markets....
4 min read

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