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Could sophisticated AI software quickly determine the maximum you would pay for any item, and charge you accordingly?

Surge Pricing in the Age of AI: Fairness or Exploitation?

Some people fear that one of the many changes coming with AI is rampant price discrimination, where algorithms analyze each consumer and charge him or her the maximum price that he or she would be willing to pay. What could happen to society?...
4 min read
Chipotle pictured on a food delivery app.
Behavioural economics Business economics Competitive markets

Vertical Disintegration and “Platforms for Platforms”: How Modularity Reshapes the Food Delivery Market

Published on September 05, 2025

Image of Dubai skyline with clouds hanging low.
Behavioural economics Business economics Competitive markets

Information Asymmetry and the Rise of Expat-Focused Real Estate Brokerages

Published on June 13, 2025

Image of a beautiful cathedral in Spain.
Behavioural economics Competitive markets Business economics

How Purchasing Power Parity Explains the Boom in International Retirement Services

Published on May 15, 2025

A swirling pattern of white and light blue lines against a dark green background.
Factors of production Labour markets Business economics Competitive markets

Comparative Advantage in the Age of Automation: The Impact of AI on Global Trade Dynamics

Published on February 09, 2025

British Airways plane taking off.
Competitive markets Behavioural economics

Price Discrimination in the Airline Industry: A Study of Dynamic Pricing Strategies

Published on January 30, 2025

Photograph of African mine
Competitive markets Managing the economy Factors of production

The Resource Curse and Institutional Failure: Economic Rent-Seeking and Development Challenges in Africa

Published on January 12, 2025

Man sitting on a scooter looking at his phone
Behavioural economics Business economics Competitive markets

The Gig Economy Revolution: Freedom or Precarity?

Published on December 29, 2024

Producer Surplus Equation
Definitions Competitive markets

Producer Surplus Equation

Published on December 12, 2024

A row of vending machines with an elderly person using one of the machines.
Definitions Competitive markets

Substitutes Economics

Published on October 30, 2024

An image of a blank black price tag.
Definitions Competitive markets

Price Taker

Published on October 29, 2024

Page 1 of 18
Older Posts
A sign signaling the pick-up location for ride share drivers, who are a major component of the gig economy.

The Gig Worker’s Dilemma: Flexibility vs. Stability

Many people find the idea of working whatever hours they choose to be appealing. Essentially, they get to be their own boss! However, unwary workers may quickly discover some disadvantages of being part of the gig economy. Why might they struggle?...
5 min read

Recent Post

Today's digital era can result in subscription fatigue as consumers try to mentally budget their many digital subscriptions.
The Subscription Fatigue Paradox: When Too Many “Small” Payments Hurt Growth
September 17, 2025
Polluting firms can purchase carbon offsets (also known as carbon credits) to reduce their environmental impact. Does it work?
Carbon Offsets and the Market for Guilt Reduction
September 17, 2025
International Money Transfers: Reducing Transaction Costs and Enhancing Efficiency
International Money Transfers: Reducing Transaction Costs and Enhancing Efficiency
September 16, 2025

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