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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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Definitions Business economics

Historical Cost Principle

Published on August 02, 2024

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Behavioural economics Definitions

Herding Psychology and Economics

Published on July 31, 2024

A typographic collage emphasizing "Angel Investor" surrounded by related terms like "success," "growth," and "venture," highlighting entrepreneurial themes.

What Fintech Angel Investors Look for in Startups (and How the Right Development Partner Helps)

Published on July 28, 2024

Minimalist digital illustration showing interconnected icons of a smartphone, dollar sign, bar chart, and loyalty card in a circular layout.

Loyalty Economics: How Digital Rewards Platforms Are Reshaping Customer Retention in 2025

Published on July 28, 2024

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Factors of production Managing the economy Labour markets Market Failure

Labor Market Polarization and the Rise of the Virtual AI Agent for Sales Calls: An Application of Routine-Biased Technological Change

Published on July 26, 2024

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Global economics

Global Economy Increasingly Decentralized Due to Cloud Based Commerce

Published on July 25, 2024

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Definitions Managing the economy

Homeowning Grows the Economy

Published on July 25, 2024

Pepe Crypto Gains Traction as Whales Accumulate

Pepe Crypto Gains Traction as Whales Accumulate

Published on July 25, 2024

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Competitive markets Managing the economy Global economics

External Economies of Scale and the Istanbul Medical Tourism Cluster: How Industrial Clustering Drives Competitive Prices in Global Cosmetic Healthcare

Published on July 25, 2024

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Definitions Behavioural economics

Loss Aversion Definition

Published on July 24, 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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