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AI can work much faster than human employees, but rates of AI hallucinations and other errors remain significant.

The Economics of AI Hallucinations and Error Costs

AI can be great, but "AI hallucinations" are frequent when AI software attempts to plug in data holes with information that it creates. This can include "ghost citations" of false sources of information. What will firms do to limit the dangers of AI error?...
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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As streaming subscription costs continue to rise, many customers are experiencing "subscription fatigue" and logging off.

Subscription Fatigue and Consumer Optimization in Digital Markets

Streaming entertainment services seemed like a great deal a decade ago. Now, rising costs have reduced consumers' utility significantly. How can streaming firms fight subscription fatigue and keep longtime customers from canceling due to price hikes?...
4 min read

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