This article discusses the failure of Airbnb's attempt at entering China's rental market
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This article explains the theory and application of Economics in the online dating scene. Dating resembles a barter as well as a scarce market where there are no close substitutes to love.
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This article mainly focuses on how western MNCs use corporate social responsibility as a ruse to impoverish host African nations. Topic addresses this modern day "development" solution and its fallacies.
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This article explores the experience of an economics student with the advent of ChatGPT, and explores the implications of this novel technology
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This article adressed why plane tickets are so expensive in Canada compared to other countries through looking at the aviation market structure and why low cost carriers do not exist. Additionally a few potential ways forward are suggested including caps on maximum prices for economy tickets or decreased rules the government has acting as barriers of entry for new companies.
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Rent and pollution by cities have been on the rise. Migration towards urban hubs has induced high demand putting pressure on a slowly increasing housing stock. As space becomes scarce, low-income tenants are pushed out of their homes. Post-neoliberal housing policies in Europe, specifically Berlin, attempt to reverse this trend. However, how can a city balance attracting investment for sustainable housing refurbishments and keep rents at a reasonable level?
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IKEA has been known for its iconic meatballs, affordable furniture, and wordless instruction manuals. Behind all of this is a unique business model that goes beyond economic theory, challenging economic norms. Research shows IKEA goes against the pivotal and essential model of supply and demand to provide affordable prices. All of this lies behind Swedish philosophy of socialism and humanism, which leads to removing high-cost products and providing customers the best price possible.
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Emotions play a huge role in risk perception and decision-making. The article explores vaccine hesitancy, its present and history, along with its economic implications through the lens of behavioural economics. Cognitive biases such as the affect heuristic and the confirmation bias could explain the anti-vaccine sentiment during the initial phases of the pandemic as well as other irrational decisions that one might make at the mercy of the mind.
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