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Modern technology and algorithms will likely lead to increased dynamic prices in tickets for sports and entertainment.

Dynamic Pricing in Sports and Entertainment

Over the past decade, dynamic pricing has expanded as we purchase everything from food to transportation to entertainment online. When variables change around us, sellers can raise or lower prices to maximize revenue given our fluctuating demand. Is this ethical?...
4 min read
Game Theory in Trade Negotiations: Lessons from the US-China Trade War

Game Theory in Trade Negotiations: Lessons from the US-China Trade War

Published on February 15, 2025

Picture of railroad tracks

The Impact of Opportunity Cost in Public Infrastructure Projects: A Case Study of High-Speed Rail in California

Published on February 15, 2025

A factory produces goods.  If it pays lower wages than in a wealthy country, is it ethical?

Comparative Advantage in the Modern Era: The Impact of Free Trade on Developing Economies

Published on February 13, 2025

Economies of Scale and the Rise of Mega Factories: The Case of Tesla’s Gigafactories

Economies of Scale and the Rise of Mega Factories: The Case of Tesla’s Gigafactories

Published on February 13, 2025

Ocean fishing has become unsustainable due to massive overfishing, leading policymakers to seek limits

The Tragedy of the Commons and Overfishing: Analyzing Global Fisheries Management Policies

Published on February 11, 2025

A swirling pattern of white and light blue lines against a dark green background.
Factors of production Labour markets Business economics Competitive markets

Comparative Advantage in the Age of Automation: The Impact of AI on Global Trade Dynamics

Published on February 09, 2025

Public Goods and the Free Rider Problem: Evaluating Climate Change Mitigation Efforts Across Nations

Public Goods and the Free Rider Problem: Evaluating Climate Change Mitigation Efforts Across Nations

Published on February 04, 2025

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Behavioural economics Managing the economy

The Principle of Market Competition: Retail Investors Venturing into Complex Trading Sectors

Published on February 04, 2025

Consumers desire tech products that synchronize, creating network effects.

Economies of Scale in the Tech Industry: How Big Tech Firms Achieve Dominance through Network Expansion

Published on January 31, 2025

British Airways plane taking off.
Competitive markets Behavioural economics

Price Discrimination in the Airline Industry: A Study of Dynamic Pricing Strategies

Published on January 30, 2025

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What caused the rapid rise of Airbnb and Vrbo (short-term rental market) as rivals to hotels and motels?

The Economics of Short-Term Rentals vs. Hotels

Most consumers are familiar with the popular short-term rental apps Airbnb and Vrbo. What caused their rapid rise in the vacation market? Why has that market cooled in recent years, swinging demand back to hotels?...
4 min read

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