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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
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Definitions Managing the economy

Austrian School of Economics

Published on November 21, 2024

A pile of U.S. dollar bills in various denominations placed on a white surface.
Definitions Managing the economy

American National Debt

Published on November 20, 2024

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Definitions Factors of production

Non-Renewable Resources

Published on November 19, 2024

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Definitions Behavioural economics

Broken Window Fallacy

Published on November 18, 2024

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Passkeys: The Future of Secure Financial Transactions in a Digital Economy

Published on November 17, 2024

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Behavioural economics

Why Americans Are Living Paycheck to Paycheck: The Financial Reality Behind Low Savings

Published on November 16, 2024

Close-up of a financial graph on a screen with rising and falling lines.

FTSE 100 Index Analysis: Five-Year Performance and November Outlook

Published on November 15, 2024

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Definitions Business economics

Gross Wages vs. Net Wages

Published on November 14, 2024

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Managing the economy Global economics

The Military-Industrial Complex: How Ongoing Conflicts Drive Profits for Defense Contractors

Published on November 13, 2024

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Managing the economy Labour markets

The Inefficiency of Venture Capital in the Modern Economy: A Result of Oversaturation and Excess Capital

Published on November 12, 2024

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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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