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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 towering statue holding a sword and shield rises above a misty forest.
Managing the economy

Why Ukraine’s Economic Development Has Lagged Despite Its Vast Natural Resources and Educated Population

Published on October 14, 2024

Liberia: A Nation Founded by Former American Slaves and Its Struggles for Economic Stability

Liberia: A Nation Founded by Former American Slaves and Its Struggles for Economic Stability

Published on October 14, 2024

An elderly woman wearing a pink headscarf stands gracefully in front of a textured wall.
Managing the economy

Ethiopia’s Economic Challenges: Understanding Why It Hasn’t Achieved Sustainable Development Despite Its Long History

Published on October 14, 2024

Economic Decline in South Africa: Unpacking the Challenges 30 Years After Apartheid

Economic Decline in South Africa: Unpacking the Challenges 30 Years After Apartheid

Published on October 14, 2024

 An image of Hallgrimskirkja church surrounded by trees and a pathway leading up to its entrance.
Managing the economy

The Resilience of Iceland: Why It Recovered Rapidly from the 2008 Economic Crisis and Maintains Economic Stability Today

Published on October 14, 2024

Diverging Destinies: Why Jamaica and Singapore Took Vastly Different Economic Paths Post-Decolonization

Diverging Destinies: Why Jamaica and Singapore Took Vastly Different Economic Paths Post-Decolonization

Published on October 14, 2024

The USSR’s Early Embrace of Capitalism: What the NEP Reveals About Economic Management
Managing the economy

The USSR’s Early Embrace of Capitalism: What the NEP Reveals About Economic Management

Published on October 14, 2024

A busy urban street in Buenos Aires, Argentina.
Managing the economy

Argentina’s Marked Decline: Government Failure vs Predatory Capitalism

Published on October 14, 2024

Custom warehouse racking with no products on the racks.
Business economics Competitive markets

The Unbundling of the Firm: A-la-Carte B2B and the Boundaries of Production

Published on October 13, 2024

Red domino pieces falling in a sequence on a wooden surface, with a green toy structure in the background.

Global Economic Ripples: How Emerging Markets Navigate High Borrowing Costs

Published on October 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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