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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
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Definitions Forex Trading

Yen Carry Trade

Published on December 02, 2024

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Definitions Business economics

Collective Bargaining Definition

Published on November 25, 2024

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Definitions Managing the economy

Expansionary Fiscal Stance

Published on November 24, 2024

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Definitions Business economics

Cheapening of Electronic Products

Published on November 22, 2024

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Definitions Managing the economy

Austrian School of Economics

Published on November 21, 2024

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Definitions Managing the economy

American National Debt

Published on November 20, 2024

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Definitions Factors of production

Non-Renewable Resources

Published on November 19, 2024

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Definitions Behavioural economics

Broken Window Fallacy

Published on November 18, 2024

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Definitions Business economics

Gross Wages vs. Net Wages

Published on November 14, 2024

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Definitions Global economics

What does Hysteresis do?

Published on November 08, 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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