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Digital twins and AI modeling can help companies determine exactly when maintenance should be done to maximize efficiency.

The Economics of Digital Twins and Predictive Maintenance

Large companies may be spending billions of dollars a year in inefficient maintenance on their capital goods, either doing too much maintenance and wasting money or not enough maintenance and dealing with equipment failure. Can digital twins and AI end this inefficiency?...
4 min read
Your airline ticket price can vary considerably based on time of purchase and amount of baggage.

Why Airline Ticket Prices Fluctuate: Understanding Dynamic Pricing Strategies

Published on March 28, 2025

A Zoom or Google Meet video meeting showing many participants on a person's laptop computer.

The Economics of Remote Work: How Labor Markets Are Adjusting to the Post-Pandemic World

Published on March 20, 2025

Gold is a traditional hedge investment, but now is challenged by cryptocurrency.

Cryptocurrencies and Inflation Hedging: Can Bitcoin Really Replace Gold?

Published on March 18, 2025

Is rapid trading on free investing apps the result of gamification of finance?

Behavioral Economics and the Gamification of Finance: How Apps Like Robinhood Influence Trading Behavior

Published on March 18, 2025

Many streaming services offer access to an entire library rather than individual movies or TV show seasons.
Business economics

The Economics of Subscription Models: Why Businesses Prefer Recurring Revenue Over One-Time Sales

Published on March 17, 2025

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

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As AI makes fake news harder to distinguish from factual information, will consumers begin paying for verified sources?

The Economics of Deepfake Detection: Trust, Verification, and Information Markets

As AI makes fake news and misinformation harder and harder to detect, will consumers and producers begin paying for verification and certification of authenticity? Should governments get involved to re-establish trust in information to soothe roiling markets?...
4 min read

Recent Post

What would happen if sellers could use AI to determine how much you are willing and able to pay for every possible product?
The Economics of Hyper-Personalization: When Every Consumer Gets a Different Price
December 24, 2025
Thanks to the ease of remote work with today's technology, do cities still enjoy an agglomeration advantage?
The Geography of Remote Work: Are Cities Losing Their Agglomeration Advantage?
December 19, 2025
Instead of paying for Internet ads or TV commercials featuring celebrities, many firms are now using social media influencers to endorse products.
The Economics of Micro-Influencers: Reputation, Pricing, and Market Structure
December 19, 2025

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