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Cryptocurrency owners can engage in decentralized finance (DeFi) by lending out their crypto through automated lending pools.

Decentralized Finance (DeFi) and the Future of Banking

Rather than applying for a loan through a bank, you can automatically borrow cryptocurrency online by putting up an equal or greater amount of collateral. This is decentralized finance (DeFi), and is a growing part of the finance industry....
5 min read
A person playing Playstation.
Definitions Competitive markets

Atomistic Competition

Published on October 21, 2024

Black screen with lines of code on it.
Behavioural economics Business economics Competitive markets

Bayesian Quality Economics: Value of Information & Optimal Thresholds

Published on September 02, 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

Screen of software development console open, with black background.
Business economics Competitive markets

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

Published on August 09, 2024

A photo of a cobweb.
Definitions Competitive markets

Cobweb Theory in Economics

Published on August 04, 2024

A photo of a hand holding a phone showing Instagram analytics.
Competitive markets

Global Brands Increasing Their Respective Market Share on Demand Due to Paid Traffic Campaigns

Published on August 02, 2024

A woman standing by a window in Istanbul.
Competitive markets Managing the economy Global economics

External Economies of Scale and the Istanbul Medical Tourism Cluster: How Industrial Clustering Drives Competitive Prices in Global Cosmetic Healthcare

Published on July 25, 2024

Gold mining machinery at night in a desert setting with base camp light bright in the background.
Competitive markets Business economics Definitions

Path Dependence and Lock-In: How SAP Shapes the Economics of Gold and Precious Metals Firms

Published on July 02, 2024

Beautiful office building with cement embankments curbing a river.
Business economics Behavioural economics Competitive markets Definitions Information Failure Managing the economy

Excess Capacity and Market Fragmentation: Why So Many Trading Platforms Exist

Published on June 28, 2024

Top down view of a man working on a macbook.
Behavioural economics Competitive markets Business economics

Spatial Economics and Hyper-Local SEO: Proximity as a Market Differentiator

Published on June 28, 2024

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Shoppers outside of a store of a well-known luxury brand that counts as a Veblen good, meaning popularity increases as price increases.

The Economics of Social Status: Why We Pay More for Less

Veblen goods are luxury goods that violate the Law of Demand, which states that quantity demanded of a good falls as price rises. Veblen goods actually become more popular as prices increase. Why is this the case? Can the purchase of such goods be reasonable?...
5 min read

Recent Post

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?
August 29, 2025
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
August 26, 2025
Online gamers can spend significant sums of money through in-game purchases, raising questions about behavioral nudges and gaming.
The Free-to-Play Game Economy: Selling Pixels for Billions
August 26, 2025

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