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What tools can companies use to convince consumers to buy more expensive sustainable consumption options?

Behavioral Nudges in Sustainable Consumption

How can sellers convince customers to pay more money for options that are better for the environment? A look at behavioral nudges and why companies would be willing to use them in an effort to promote sustainability....
4 min read
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Splash-videos

Saddique Ansari • February 04, 2020 • 2 min read

Author bio

Videos

PED Price elasticity of demand
PES Price elasticity of supply
World Trade Organisation Cross elasticity of demand
YED Income elasticity of demand
Costs Costs
Perfect competition Perfect competition
Monopolistic competition Monopolistic competition
Oligopoly Oligopoly
Primary markets Primary markets
Externalities Externalities
Natural_monopoly Natural monopoly
AD-AS AD-AD model
Circular-flow Circular flow
Customs Customs unions

 

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Algorithms are used by today's social media platforms to determine which posts we see.

The Economics of Algorithmic Curation in News and Media

Today, most social media platforms allow for continuous scrolling of content. Algorithms determine which posts and videos we see next, based on our past engagement. What are the economic implications of these algorithms determining what we see?...
5 min read

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