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Modern technology and algorithms will likely lead to increased dynamic prices in tickets for sports and entertainment.

Dynamic Pricing in Sports and Entertainment

Over the past decade, dynamic pricing has expanded as we purchase everything from food to transportation to entertainment online. When variables change around us, sellers can raise or lower prices to maximize revenue given our fluctuating demand. Is this ethical?...
4 min read
Consumer Durables
Definitions Business economics

Consumer Durables

Published on March 27, 2024

Smartphone with BTC chart on a black textured background.
Behavioural economics Business economics

Liquidity Preference Theory and the High Cost of Instant Bitcoin Purchases

Published on March 25, 2024

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Business economics Behavioural economics

Marginal Cost Pricing and the Rise of Affordable Custom Graphic Design Services

Published on March 17, 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

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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

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Behavioural economics Business economics

The Market for Lemons and Its Impact on Financial Resource Sites

Published on March 13, 2024

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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

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Business economics Information Failure

The Principle of Path Dependence: How Legacy Technology Like 1300 Numbers Continues to Drive Economic Advantage

Published on March 10, 2024

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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

The Economic Advantages of Adopting Cloud-Based CRM Solutions
Business economics

The Economic Advantages of Adopting Cloud-Based CRM Solutions

Published on March 05, 2024

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What caused the rapid rise of Airbnb and Vrbo (short-term rental market) as rivals to hotels and motels?

The Economics of Short-Term Rentals vs. Hotels

Most consumers are familiar with the popular short-term rental apps Airbnb and Vrbo. What caused their rapid rise in the vacation market? Why has that market cooled in recent years, swinging demand back to hotels?...
4 min read

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