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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
Questions on demand
Questions

Questions on demand

Published on January 29, 2020

Questions on consumer surplus
Questions

Questions on consumer surplus

Published on January 29, 2020

Questions on commodities
Questions

Questions on commodities

Published on January 29, 2020

Questions on PPFs
Questions

Questions on PPFs

Published on January 29, 2020

Questions on the nature of economics
Questions

Questions on the nature of economics

Published on January 29, 2020

Questions on globalisation
Questions

Questions on globalisation

Published on January 28, 2020

Questions on trade
Questions

Questions on trade

Published on January 28, 2020

Questions

Questions

Published on January 17, 2020

Questions on aggregate demand
Questions

Questions on aggregate demand

Published on January 17, 2020

Newer Posts
Page 8 of 8
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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