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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
A robotic arm in a futuristic, well-lit lab filled with shelves of organized equipment or items.

The Role of Digital Transformation in Driving Global Economic Recovery

Published on November 02, 2024

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The Economics of Brand Awareness: Key Metrics and Tools for Measuring Success

Published on November 01, 2024

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Definitions Behavioural economics

Expected Utility Theory

Published on October 31, 2024

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Behavioural economics Business economics Competitive markets Managing the economy Information Failure

Anonymity, Information Asymmetry, and State Capacity

Published on October 31, 2024

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Definitions Competitive markets

Substitutes Economics

Published on October 30, 2024

A panoramic view of London's skyline featuring modern skyscrapers, construction cranes, and a cloudy sky.

The Productivity Puzzle in 2025: Turning Point or False Start?

Published on October 30, 2024

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Definitions Competitive markets

Price Taker

Published on October 29, 2024

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Definitions Managing the economy

Disinflation Definition

Published on October 29, 2024

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Definitions Behavioural economics

Network Effects: A Detailed Guide

Published on October 28, 2024

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Global economics Definitions

Economic Ripple of Spanish Gold

Published on October 28, 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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