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Incomplete Contracts and Complex Requirements: Contract Theory and the Persistence of Bespoke Website Design Services

Incomplete contracts explain why bespoke website design services thrive amid evolving, complex digital needs....
4 min read
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Market Structures and Pricing Strategies: The Case of Amazon in Monopolistic Competition

Published on February 26, 2025

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Externalities and Climate Policy: The European Union Emissions Trading System (EU ETS)

Published on February 15, 2025

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The Impact of Opportunity Cost in Public Infrastructure Projects: A Case Study of High-Speed Rail in California

Published on February 15, 2025

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Game Theory in Trade Negotiations: The US-China Trade War

Published on January 23, 2025

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Behavioral Economics and Retirement Savings: The Success of the UK’s Auto-Enrolment Pension Scheme

Published on January 23, 2025

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Firms will soon be using AI modeling to determine their optimal level of output and pricing.

Algorithmic Collusion Without Communication

Tomorrow, will the stores you frequent be using AI modeling to set their pricing and production figures? AI models are doing that right now, and may come to engage in "collusion" by independently concluding that higher prices and lower output leads to greater profits....
4 min read

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