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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
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Definitions Business economics

Privatisation Definition

Published on December 03, 2024

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Definitions Business economics

Collective Bargaining Definition

Published on November 25, 2024

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Definitions Business economics

Cheapening of Electronic Products

Published on November 22, 2024

Image of four hands each holding dollar bills.
Definitions Business economics

Gross Wages vs. Net Wages

Published on November 14, 2024

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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

An image of different US dollar bills and coins.
Definitions Business economics

Real vs. Nominal in Economics

Published on October 25, 2024

Two mannequins displayed in a store window, with discount labels showing 30%, 50%, and 20% off.
Business economics Definitions

Penetration Pricing

Published on October 24, 2024

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Behavioural economics Definitions Business economics Factors of production

Frictional Unemployment

Published on October 17, 2024

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Business economics Competitive markets

The Unbundling of the Firm: A-la-Carte B2B and the Boundaries of Production

Published on October 13, 2024

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Business economics Labour markets Market Failure

Exponentially Rising Tuition Costs Suppress Economic Growth in the U.S.

Published on October 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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