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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
Mid Luxury Sector Grows Amidst Economic Recession
Definitions Global economics

Mid Luxury Sector Grows Amidst Economic Recession

Published on October 25, 2023

Independent Content Creation Continues to Increase in Market Share
Global economics Managing the economy

Independent Content Creation Continues to Increase in Market Share

Published on October 22, 2023

Labour Arbitrage
Definitions Labour markets Global economics

Labour Arbitrage

Published on September 27, 2023

Agglomeration Economies
Definitions Business economics Global economics

Agglomeration Economies

Published on September 11, 2023

The Economy of the Global South Absorbs the Impact of AI Impact and Pivots
Global economics

The Economy of the Global South Absorbs the Impact of AI Impact and Pivots

Published on September 05, 2023

Business Cycle Graph
Definitions Managing the economy Business economics Global economics

Business Cycle Graph

Published on August 06, 2023

Relative Poverty
Definitions Managing the economy Global economics

Relative Poverty

Published on July 11, 2023

Capital Flight
Definitions Global economics Managing the economy

Capital Flight

Published on July 06, 2023

Ricardian Equivalence
Definitions Behavioural economics Global economics Managing the economy

Ricardian Equivalence

Published on March 22, 2023

Budget Surplus Definition
Definitions Managing the economy Global economics

Budget Surplus Definition

Published on March 22, 2023

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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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