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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
Inflationary Gap
Business economics Global economics Definitions Managing the economy

Inflationary Gap

Published on March 05, 2023

Global economics

Trade protectionism

Published on December 08, 2022

Demographic Transition Model (DTM)
Definitions Global economics

Demographic Transition Model (DTM)

Published on November 08, 2022

Aggregate Economic Output Levels in U.S
Competitive markets Global economics

Aggregate Economic Output Levels in U.S

Published on September 24, 2021

What Is Keynesian Economic Theory?
Managing the economy Definitions Global economics

What Is Keynesian Economic Theory?

Published on August 26, 2021

What Are Trade Barriers?
Competitive markets Definitions Global economics Managing the economy

What Are Trade Barriers?

Published on June 07, 2021

Understanding the laffer curve
Managing the economy Definitions Global economics

Understanding the laffer curve

Published on June 04, 2021

Alternatives to GDP in Measuring Countries
Managing the economy Global economics Labour markets

Alternatives to GDP in Measuring Countries

Published on October 06, 2020

What a rising PMI means for the global economy
Managing the economy Global economics

What a rising PMI means for the global economy

Published on October 05, 2020

Covid-19 consequences: inflation or deflation
Managing the economy Global economics

Covid-19 consequences: inflation or deflation

Published on August 03, 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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