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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
Aerial view of a warehouse with tall, organized shelves filled with various cardboard boxes and packages, creating a busy storage environment.

From Overstock to Out of Stock: The Inventory Balancing Act Every Shop Must Master

Published on October 19, 2024

A hand selecting a bright pink miniature house from a row of black and pink model houses.
Definitions Information Failure Market Failure

Adverse Selection in Insurance

Published on October 18, 2024

A collection of various cryptocurrency coins, including Bitcoin.
Crypto Definitions

Trading Automation Penetrates the Cryptocurrency Sector

Published on October 18, 2024

A person playing a game in a handy device.
Definitions Behavioural economics

The Economics of Microtransactions

Published on October 18, 2024

Workers at their desk
Behavioural economics Definitions Business economics Factors of production

Frictional Unemployment

Published on October 17, 2024

A laptop on a glass table displaying financial charts and data dashboards, including bar graphs, line charts, and key performance metrics.

The Growing Importance of Accounting Skills in Economic Analysis

Published on October 17, 2024

Close-up view of a digital stock market chart showing fluctuating lines and numerical values on a screen, representing financial data and market trends.

The Investor's Guide to Vetting Alternative Assets

Published on October 17, 2024

Crypto Exchanges & Competitive Markets: How Fee Structures Influence Market Power

Crypto Exchanges & Competitive Markets: How Fee Structures Influence Market Power

Published on October 16, 2024

A dilapidated three wheel passenger motorcycle in, presumably, Nigeria.
Managing the economy

The Economic Paradox of Nigeria: Oil Wealth and Underdevelopment

Published on October 14, 2024

Warsaw city skyline at night, featuring the illuminated Tower of Warsaw against a dark sky.
Managing the economy

Poland's Transition from Communism: Non-Corrupt Auctions and Equitable Resource Distribution

Published on October 14, 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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