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Today, firms use massive sets of data just as they would any other factor of production.

Data as Capital: Rethinking the Factors of Production

In the past quarter-century, digital data has become a new factor of production, allowing firms to create new products, communicate with suppliers and retailers, and advertise to customers. How does data affect firms' value, and how will it affect macro-level economic growth?...
4 min read
Inferior good
Definitions

Inferior good

Published on January 28, 2020

Indirect taxes
Definitions

Indirect taxes

Published on January 28, 2020

Income Effect
Definitions Behavioural economics

Income Effect

Published on January 28, 2020

Incidence of tax
Definitions

Incidence of tax

Published on January 28, 2020

Inactivity rate
Definitions

Inactivity rate

Published on January 28, 2020

Import quota
Definitions

Import quota

Published on January 28, 2020

Imports
Definitions

Imports

Published on January 28, 2020

Human development index
Definitions

Human development index

Published on January 28, 2020

The herfindahl-hirschman index
Definitions

The herfindahl-hirschman index

Published on January 28, 2020

Economic growth
Definitions

Economic growth

Published on January 28, 2020

Newer Posts
Page 33 of 39
Older Posts
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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