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Today, firms use massive sets of data just as they would any other factor of production.

Data as Capital: Rethinking the Factors of Production

In the past quarter-century, digital data has become a new factor of production, allowing firms to create new products, communicate with suppliers and retailers, and advertise to customers. How does data affect firms' value, and how will it affect macro-level economic growth?...
4 min read
Marginal Propensity to Consume
Definitions Behavioural economics Business economics Managing the economy

Marginal Propensity to Consume

Published on January 28, 2020

Long Run Aggregate Supply
Definitions Business economics Factors of production Global economics

Long Run Aggregate Supply

Published on January 28, 2020

Giffen Goods
Definitions Business economics Global economics

Giffen Goods

Published on January 28, 2020

Transfer pricing
Business economics

Transfer pricing

Published on January 27, 2020

Energy price cap
Business economics

Energy price cap

Published on January 20, 2020

Business economics

Energy supply

Published on January 20, 2020

The music industry
Business economics

The music industry

Published on January 20, 2020

Price fixing
Business economics

Price fixing

Published on January 20, 2020

Brewing industry
Business economics

Brewing industry

Published on January 20, 2020

Business economics

Brewing merger

Published on January 20, 2020

Newer Posts
Page 23 of 28
Older Posts
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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