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What would happen if sellers could use AI to determine how much you are willing and able to pay for every possible product?

The Economics of Hyper-Personalization: When Every Consumer Gets a Different Price

One fear regarding artificial intelligence (AI) is its potential ability to analyze and profile customers to allow sellers to engage in perfect price discrimination: charging each customer the maximum amount he or she is willing to pay. What would be the economic ramifications?...
4 min read
Image of two broken windows against a brick wall.
Definitions Behavioural economics

Broken Window Fallacy

Published on November 18, 2024

A hand holding rolled dollar bills with a blurred background of trees.
Behavioural economics

Why Americans Are Living Paycheck to Paycheck: The Financial Reality Behind Low Savings

Published on November 16, 2024

Four skyscraper taken from the ground floor looking up, in black and white
Behavioural economics Business economics Competitive markets

Information Asymmetry and the Demand for Cross-Border Accounting Expertise

Published on November 15, 2024

Regulatory Arbitrage and the Geography of Online Credit
Business economics Behavioural economics Competitive markets

Regulatory Arbitrage and the Geography of Online Credit

Published on November 15, 2024

Black and white photo of a Chinese back alley.
Behavioural economics Competitive markets

Monopolistic Competition and the Illusion of Variety

Published on November 14, 2024

Two windmills on a hilltop with a scenic background of mountains, a lake, and a sunset sky.
Business economics Managing the economy Labour markets Behavioural economics Global economics

The Impact of Small, Highly Efficient, and Cheap Nuclear Reactors on Developed Economies: A Focus on Energy Costs and Transportation

Published on November 11, 2024

Tall electricity pylons with wires stretching across the landscape against a vibrant pink and purple sunset sky.
Definitions Behavioural economics

Expected Utility Theory

Published on October 31, 2024

Cell towers in twilight.
Behavioural economics Business economics Competitive markets Managing the economy Information Failure

Anonymity, Information Asymmetry, and State Capacity

Published on October 31, 2024

A 3D visualization of a neural network or abstract brain structure made of interconnected nodes and lines.
Definitions Behavioural economics

Network Effects: A Detailed Guide

Published on October 28, 2024

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Definitions Behavioural economics

The Economics of Microtransactions

Published on October 18, 2024

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Thanks to the ease of remote work with today's technology, do cities still enjoy an agglomeration advantage?

The Geography of Remote Work: Are Cities Losing Their Agglomeration Advantage?

With high speed Internet, many white collar workers can work from anywhere. Does this ability to work for a big city firm from a town thousands of miles away weaken the agglomeration advantage traditionally enjoyed by big cities?...
4 min read

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When you purchase a new digital product, does your usage data from your old product transfer seamlessly to the new one?
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Remote Work and the Geography of Wages
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