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Can companies use powerful data analysis tools to figure out how much each of us is willing to pay?

Why Data Is the New Oil: Market Power in the Age of Information Capitalism

With AI and massive data sets of our Internet usage history, some fear that companies will be able to engage in price discrimination and personalized pricing, charging each of us the highest price we are willing to pay....
5 min read
Inflation
Global economics

Inflation

Published on January 29, 2020

Exchange rate policies
Global economics

Exchange rate policies

Published on January 29, 2020

Pigouvian Tax
Definitions Behavioural economics Business economics Competitive markets Global economics Information Failure

Pigouvian Tax

Published on January 29, 2020

Long Run Aggregate Supply
Definitions Business economics Factors of production Global economics

Long Run Aggregate Supply

Published on January 28, 2020

Giffen Goods
Definitions Business economics Global economics

Giffen Goods

Published on January 28, 2020

Exchange rates
Global economics

Exchange rates

Published on January 27, 2020

The financial crisis
Global economics

The financial crisis

Published on January 27, 2020

Multinationals and tax avoidance
Global economics

Multinationals and tax avoidance

Published on January 27, 2020

MNCs
Global economics

MNCs

Published on January 27, 2020

Inequality
Global economics

Inequality

Published on January 27, 2020

Newer Posts
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Users may be able to pay free demo versions of video games, but have to pay to access all features.

From Freemium to Premium: The Economics of Free Products

Many people use "freemium" services or products, and are asked daily to upgrade to full access to all features as part of the firm's paid tier. Why is it worth it for firms to offer free packages or demo versions?...
5 min read

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