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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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Behavioural economics

Sanford Schmidt and the Economics of Trust in an Automated Wealth Management Era

Published on August 17, 2024

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Business economics

Loss Leader Pricing and Cross-Elasticity of Demand: How Free Services Drive Profitable Sales

Published on August 16, 2024

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Behavioural economics Managing the economy Business economics

Bayesian Persuasion and Information Design: How Free Audits Shape Client Decisions

Published on August 15, 2024

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Definitions Business economics

ATC Curve

Published on August 13, 2024

Close-up of a globe focusing on Eurasia, showcasing colorful countries and geographical features against a blurred background.

Trading Without Borders? How Design and Infrastructure Are Redefining 'Distance'

Published on August 12, 2024

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Business economics Managing the economy Market Failure

Unpaid Invoices: The Hidden Crisis Facing UK Small Businesses

Published on August 12, 2024

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Managing the economy

Many Sanctioned Economies Are Unaffected Largely Due to Decentralized Commerce Powered by the Web

Published on August 11, 2024

A man holding a baby and reading a children's book.
Managing the economy

Memory updated The Economic Impact of the Paternity Leave (Bereavement) Act in the UK

Published on August 11, 2024

People shopping on an outdoor market with white tents lining a street, offering clothes and good.

Paradox of Thrift

Published on August 10, 2024

Vazgen Gevorkyan

Gevorkyan Vazgen Simonovich: An Entrepreneurial Profile

Published on August 09, 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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