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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
The 2008 financial crisis triggered the Great Recession (2008-09), which was the worst since the Great Depression.

Moral Hazard in the Banking Sector: Lessons from the 2008 Financial Crisis and Beyond

Published on January 30, 2025

Traffic congestion can cause several negative externalities that harm consumers and society.

Externalities and Urban Congestion: Analyzing the Economic Costs and Policy Responses in Major Global Cities

Published on January 30, 2025

Moral Hazard and Financial Crises: The 2008 Bailouts of US Financial Institutions

Moral Hazard and Financial Crises: The 2008 Bailouts of US Financial Institutions

Published on January 27, 2025

A ship exporting goods overseas in shipping containers.

The Prisoner's Dilemma in Modern Trade Wars: Analyzing the US-China Tariff Escalations

Published on January 26, 2025

Covid vaccine phials

Public Goods and Collective Action: The Case of Global Vaccination Campaigns

Published on January 26, 2025

Semiconductors on a circuit board.

The Role of Comparative Advantage in Global Supply Chains: Lessons from Semiconductor Production

Published on January 23, 2025

Image of someone plotting a strategy

Game Theory in Trade Negotiations: The US-China Trade War

Published on January 23, 2025

Picture of someone holding a savings jar

Behavioral Economics and Retirement Savings: The Success of the UK’s Auto-Enrolment Pension Scheme

Published on January 23, 2025

The Economics of Network Effects: Case Study of Social Media Platforms

The Economics of Network Effects: Case Study of Social Media Platforms

Published on January 23, 2025

A photograph of a bust of Karl Marx
Managing the economy

Historical Materialism and the Misjudgment of Capitalism in the 19th Century

Published on January 18, 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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