Discover the power of Contest Success Functions (CSFs) and learn how to master contests, balance effort and luck, and maximize your chances of winning. Perfect for strategists, economists, and anyone looking to gain a competitive edge.
Dive into the intriguing world of retail pricing! Discover how small price changes, often overlooked, are actually strategic moves influenced by sales volume and the hidden 'menu costs' that retailers face.
Explore the surprising ways AI pricing algorithms can mimic collusion without any explicit agreement, and how this challenges traditional competition policies.
Uncover the hidden factors influencing your feelings about price increases during emergencies. This article examines fairness, supply, and demand to reveal why some price hikes outrage us while others seem acceptable.
Discover how knapsack auctions optimize resource allocation in scenarios where values are private and sizes are public. Learn about uniform price, discriminatory price, and generalized second price auctions, and their real-world applications.
In a world increasingly shaped by algorithms and scoring systems, understanding how to minimize manipulation is crucial. Discover the principles of mechanism design and how they can be applied to create systems that promote truthfulness and efficiency.
Discover how tournament auctions, where bidders compete for the right to participate in a final stage, can lead to unexpected overbidding and revenue shifts. We delve into the strategies and outcomes of these unique market scenarios.
Explore how understanding and addressing predictable errors in economic forecasting can lead to significant improvements in accuracy and decision-making. Discover new methods that harness these insights for better outcomes.
Explore the innovative strategies for algorithmic information disclosure in auctions, designed to balance revenue optimization with equitable access to information, transforming how markets operate.
Discover how exposure contrasts affect treatment strategies in social networks. Learn to identify and leverage spillover effects for improved outcomes in business, healthcare, and policy-making.
