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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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Definitions Business economics

Break-Even Analysis and Equation

Published on August 28, 2024

A photo of a man taking picture of a tarmac from a airline terminal.
Behavioural economics Business economics Competitive markets

Platforms, Complements, and Two-Sided Markets: How Airline Stopovers Fuel Urban Micro-Tourism

Published on August 20, 2024

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Business economics

Loss Leader Pricing and Cross-Elasticity of Demand: How Free Services Drive Profitable Sales

Published on August 16, 2024

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Behavioural economics Managing the economy Business economics

Bayesian Persuasion and Information Design: How Free Audits Shape Client Decisions

Published on August 15, 2024

A hand holding euro banknotes in front of a calculator, other currency notes, and financial charts.
Definitions Business economics

ATC Curve

Published on August 13, 2024

Man viewed from Top Down, working on a laptop and looking at invoices.
Business economics Managing the economy Market Failure

Unpaid Invoices: The Hidden Crisis Facing UK Small Businesses

Published on August 12, 2024

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Business economics Competitive markets

Innovation Economics and Endogenous Growth Theory: How SaaS Clusters Drive Knowledge Spillovers and Productivity Gains

Published on August 09, 2024

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Definitions Business economics

Actuarial Science vs. Economics

Published on August 04, 2024

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Forex Trading Business economics

Trading Platforms Offering More Bespoke Services As Competition Increases

Published on August 03, 2024

A person working on a laptop with the screen displaying an e-commerce platform layout.
Business economics

Small Business Share of Global Economy Grows As Ecommerce Barriers Decrease

Published on August 03, 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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