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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
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

Ocean fishing has become unsustainable due to massive overfishing, leading policymakers to seek limits

The Tragedy of the Commons and Overfishing: Analyzing Global Fisheries Management Policies

Published on February 11, 2025

A swirling pattern of white and light blue lines against a dark green background.
Factors of production Labour markets Business economics Competitive markets

Comparative Advantage in the Age of Automation: The Impact of AI on Global Trade Dynamics

Published on February 09, 2025

Public Goods and the Free Rider Problem: Evaluating Climate Change Mitigation Efforts Across Nations

Public Goods and the Free Rider Problem: Evaluating Climate Change Mitigation Efforts Across Nations

Published on February 04, 2025

Consumers desire tech products that synchronize, creating network effects.

Economies of Scale in the Tech Industry: How Big Tech Firms Achieve Dominance through Network Expansion

Published on January 31, 2025

The 2008 financial crisis triggered the Great Recession (2008-09), which was the worst since the Great Depression.

Moral Hazard in the Banking Sector: Lessons from the 2008 Financial Crisis and Beyond

Published on January 30, 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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