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The ease of linking Apple products for digital use is part of a network effect that increases its popularity.

Network Effects and the Rise of Big Tech: Analyzing Market Dominance in the Digital Economy

Why have a handful of websites come to dominate the Internet? Network effects explain how demand for a good or service increases as more people use it; users benefit from accessing more fellow users....
5 min read
Image showing seasaw which is not in balance.
Definitions Behavioural economics Information Failure Market Failure Competitive markets

Asymmetric Information

Published on December 26, 2022

How Rational Choice Theory Affect Marketing Budgets
Behavioural economics Definitions

How Rational Choice Theory Affect Marketing Budgets

Published on February 22, 2022

The Lorenz Curve
Definitions Managing the economy Behavioural economics Business economics

The Lorenz Curve

Published on September 24, 2021

What Is the Malthusian Theory of Population?
Managing the economy Behavioural economics Definitions

What Is the Malthusian Theory of Population?

Published on July 29, 2021

What is the Sunk Cost Fallacy?
Behavioural economics Definitions

What is the Sunk Cost Fallacy?

Published on July 29, 2021

Understanding consumer sovereignty
Competitive markets Behavioural economics Definitions Managing the economy

Understanding consumer sovereignty

Published on June 07, 2021

Can you maximize your earning potential by skipping college?
Behavioural economics

Can you maximize your earning potential by skipping college?

Published on December 23, 2020

Does Public Choice Theory Affect Economic Output?
Business economics Behavioural economics

Does Public Choice Theory Affect Economic Output?

Published on October 13, 2020

How to address moral hazard in capitalism
Behavioural economics

How to address moral hazard in capitalism

Published on October 07, 2020

Understanding how supply, demand equilibrium affects market growth
Managing the economy Behavioural economics

Understanding how supply, demand equilibrium affects market growth

Published on September 11, 2020

Newer Posts
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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

Artificial intelligence (AI) software could be used to change prices charged to individual online shoppers based on their income, wealth, and consumption habits, raising ethical implications....
5 min read

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Users may be able to pay free demo versions of video games, but have to pay to access all features.
From Freemium to Premium: The Economics of Free Products
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