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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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Business economics Competitive markets

Innovation Economics and Endogenous Growth Theory: How SaaS Clusters Drive Knowledge Spillovers and Productivity Gains

Published on August 09, 2024

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Definitions Competitive markets

Cobweb Theory in Economics

Published on August 04, 2024

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Definitions Business economics

Actuarial Science vs. Economics

Published on August 04, 2024

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Definitions Global economics

Economic Defeatism

Published on August 04, 2024

A hand reaching toward two black cards placed on a wooden surface, one labeled "BUY" and the other labeled "SELL".
Forex Trading Business economics

Trading Platforms Offering More Bespoke Services As Competition Increases

Published on August 03, 2024

A person working on a laptop with the screen displaying an e-commerce platform layout.
Business economics

Small Business Share of Global Economy Grows As Ecommerce Barriers Decrease

Published on August 03, 2024

Three copper coins, including British pennies, placed on a white wooden surface.
Definitions Factors of production

Economic Rent Definition

Published on August 03, 2024

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Behavioural economics Business economics

Hedonic Pricing and Consumer Surplus in the Experience Economy: Why We Hire a Chef

Published on August 03, 2024

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Competitive markets

Global Brands Increasing Their Respective Market Share on Demand Due to Paid Traffic Campaigns

Published on August 02, 2024

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Definitions Business economics

Average Variable Costs in Economics

Published on August 02, 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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