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Shoppers outside of a store of a well-known luxury brand that counts as a Veblen good, meaning popularity increases as price increases.

The Economics of Social Status: Why We Pay More for Less

Veblen goods are luxury goods that violate the Law of Demand, which states that quantity demanded of a good falls as price rises. Veblen goods actually become more popular as prices increase. Why is this the case? Can the purchase of such goods be reasonable?...
5 min read
Image of Dubai skyline with clouds hanging low.
Behavioural economics Business economics Competitive markets

Information Asymmetry and the Rise of Expat-Focused Real Estate Brokerages

Published on June 13, 2025

Customer loyalty programs often make regular customers eligible for free products after a certain amount of purchases.

The Economics of Loyalty: Points, Perks, and Predictable Behavior

Published on June 08, 2025

Remote workers are changing economic geography across the world by moving away from big cities.

Economic Geography and the Rise of Remote Work

Published on June 08, 2025

Consignment stores and online clothing resale sites are part of circular markets for used goods.

The Resale Economy: From Fast Fashion to Circular Markets

Published on June 08, 2025

A suited man with a bag on his head labeled "TAX" points towards the viewer against a mint green background.

7 Common Tax Mistakes That American Expats Make and How to Avoid Them

Published on June 02, 2025

How Much Profit Does Apple Make Per iPhone

How Much Profit Does Apple Make Per iPhone

Published on May 25, 2025

To get our entertainment today, most of us purchase subscriptions to digital streaming services.

The Subscription Boom: How Predictable Revenue Is Changing Consumer Markets

Published on May 23, 2025

NFTs of "Bored Apes" became a pop culture phenomenon in 2021, selling for many thousands of dollars.

The Rise of Digital Scarcity: Economics of NFTs and Tokenized Assets

Published on May 23, 2025

Utility and Consumer Surplus in the Age of Retail CFD Index Trading

Utility and Consumer Surplus in the Age of Retail CFD Index Trading

Published on May 20, 2025

Emerging Business Trends in the UAE: 2025 and Beyond

Emerging Business Trends in the UAE: 2025 and Beyond

Published on May 20, 2025

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Main Economic Implications of SWOT Analysis for Web Development Company

Main Economic Implications of SWOT Analysis for Web Development Company

How can a company make smarter decisions in a fast-changing business environment? A SWOT analysis offers a great starting point. For compani...
7 min read

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