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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
A fuel price display at a gas station showing the prices with a bright blue sky in the background.
Managing the economy Global economics

Does the US President Control Inflation?

Published on September 27, 2024

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Global economics Managing the economy

Why Economic Sanctions Have Historically Never Worked to Achieve Their Aims

Published on September 22, 2024

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Managing the economy Global economics

Analyzing Russian Economic Resilience in the Post-Sanctions Era

Published on September 22, 2024

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Factors of production Managing the economy Global economics

MITI and the Economic Development Miracle of Japan

Published on September 21, 2024

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Global economics

Fintech Sector Continues to Grow Due to Contribution From Third World Economies

Published on August 30, 2024

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Definitions Global economics

Economic Defeatism

Published on August 04, 2024

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Global economics

Global Economy Increasingly Decentralized Due to Cloud Based Commerce

Published on July 25, 2024

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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

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Behavioural economics Business economics Competitive markets Factors of production Global economics

Platform Economics and Modularity: How Composable Tools Are Reshaping Enterprise Software

Published on June 28, 2024

Understanding Trade Embargo
Definitions Global economics

Understanding Trade Embargo

Published on June 19, 2024

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Today, the labor market is undergoing yet another evolution thanks to both applicants and hiring managers using AI.

Algorithmic Hiring and the New Labor Market Matching Function

When you see a job you want, are you using AI to optimize your online application, resume, and cover letter? Do you know whether your words will pass through the hiring managers' filters, or be automatically deleted? A look at the effect of AI on today's hiring markets....
4 min read

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