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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
Sepia tone image of a Saab with broken rear window.
Behavioural economics Business economics Competitive markets

How Friction Costs and Present Bias Drive the Economics of Junk Car Disposal

Published on May 15, 2024

A group of fi e women, 4 of whom are black sitting a conference table.
Behavioural economics Competitive markets Business economics

How Signaling and Reputation Economics Explain the Changing Landscape in DEI in Business

Published on May 15, 2024

Two people at an open laptop, one of who is pointing at the screen while the other is touching the touchpad.
Behavioural economics Business economics Competitive markets

How Adverse Selection Distorts the SEO Industry: A Market for Lemons

Published on May 08, 2024

Laptop with orange text displayed on the screen: "JOIN US ONLINE."
Business economics Behavioural economics Competitive markets

How Overconfidence and the Dunning-Kruger Effect Create an Entire Economy of Illusion

Published on May 08, 2024

Laptop open with trading graph and a cup of coffee on a coaster to the right of i
Behavioural economics Business economics Competitive markets

How Network Effects and Platform Economics Are Reshaping the Retail Trading Tool Market

Published on May 07, 2024

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Competitive markets Business economics Managing the economy

How VPNs Enhance Market Efficiency by Reducing Friction in Global Commerce

Published on May 01, 2024

Laptop with technology in the background, showing a candle chart on the main screen.
Behavioural economics Business economics Competitive markets Managing the economy

How Technological Diffusion and Democratization of Access Are Transforming Crypto Markets

Published on April 29, 2024

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Behavioural economics Business economics Competitive markets

How Market Expansion and Specialization Are Shaping the Freelance Economy

Published on April 29, 2024

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Behavioural economics Business economics Competitive markets Labour markets

How Nudge Theory Is Transforming Customer Loyalty Through Behavioral Economics

Published on April 28, 2024

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Behavioural economics Business economics Competitive markets

Reputation Economics and Signaling Theory: Why “Made in Germany” Dominates the Global Baby Formula Market

Published on April 24, 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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