Owen Rust - Economics Online

Thanks to rapidly-adjustable websites and apps, airlines can engage in dynamic pricing.

Price Discrimination in the Airline Industry: How Airlines Maximize Revenue Through Dynamic Pricing

Published on March 11, 2025

Despite being created to save us time, modern appliances do not seem to make us any less busy.

The Paradox of Automation: How Labor-Saving Technology Can Create More Jobs

Published on March 11, 2025

A classic debate over fair pay for labor involves governments imposing minimum wage laws.

The Minimum Wage Debate: Do Higher Wages Boost Productivity or Destroy Jobs?

Published on March 07, 2025

Grocery prices may not seem to be rising. Is it lower costs of production, or is it shrinkflation?

Inflation and Shrinkflation: How Firms Use Hidden Price Adjustments to Navigate Economic Turbulence

Published on March 07, 2025

Foreign suppliers of resources and parts may be less expensive, but more vulnerable to risks.

Supply Chain Resilience and Comparative Advantage: Rethinking Global Trade After COVID-19

Published on March 01, 2025

Traffic congestion in cities like New York can cost billions of dollars in lost productivity.

Externalities in Urban Planning: A Case Study on Congestion Pricing in New York City

Published on February 26, 2025

Crop yields in agriculture were one of the first areas of study in the field of economics.

Diminishing Marginal Returns in Agricultural Technology: A Case Study of India’s Green Revolution

Published on February 26, 2025

City parks and urban green spaces provide significant economic benefits.

Public Goods and Urban Green Spaces: Economic Implications of Parks in Developing Cities

Published on February 24, 2025

Oil rigs remain popular due to continued public concerns of renewable energy being less reliable.

Elasticity of Demand and the Global Energy Transition: A Case Study on Fossil Fuels vs. Renewables

Published on February 15, 2025

A factory produces goods. If it pays lower wages than in a wealthy country, is it ethical?

Comparative Advantage in the Modern Era: The Impact of Free Trade on Developing Economies

Published on February 13, 2025