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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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Behavioural economics Business economics

Piggybacking on Brand Value: The Economics of Free Riding in the Accessory Market

Published on April 23, 2024

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Competitive markets Behavioural economics Business economics

Interest Rate Parity: The Economic Principle That Anchors Currency Values

Published on April 22, 2024

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Behavioural economics Business economics Competitive markets

Market Efficiency and the Role of Technology in Transforming the Tourism Industry

Published on April 22, 2024

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Behavioural economics Business economics Managing the economy

Path Dependence in Finance Education: Why Curriculum Change Lags Behind Market Innovation

Published on April 20, 2024

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Competitive markets Behavioural economics Business economics

Incentives Matter: How Academic Economists Respond to the Market of Ideas

Published on April 19, 2024

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Behavioural economics Managing the economy Crypto Business economics

Applying the Efficient Frontier: How Diversification Enhances Crypto’s Role in Modern Portfolios

Published on April 19, 2024

Image of an iphone in the dark with the screen lit up showing various app
Managing the economy Competitive markets Business economics

Global Talent and the Law of Comparative Advantage: Understanding Labor Arbitrage in App Development

Published on April 11, 2024

Labour Intensive
Definitions Business economics

Labour Intensive

Published on March 31, 2024

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Behavioural economics Business economics

Marginal Cost and Marginal Benefit in Digital Advertising: How Ad Format Choices Reflect Core Economic Principles

Published on March 31, 2024

Ex-Ante Meaning
Definitions Business economics

Ex-Ante Meaning

Published on March 28, 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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