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Today, thanks to Application Programming Interfaces (APIs), diverse software can communicate with each other.

API Economies and the Modularization of Production

The dozens of apps on your phone can communicate with each other thanks to Application Programming Interfaces (APIs), which revolutionized software beginning in the year 2000. What are the economic ramifications of modularized production, where add-ons and expansions abound?...
4 min read
Security guard at 200 Park Avenue
Behavioural economics Business economics Competitive markets

Credence Goods and Post-Contract Verification: Reputation in the Market for Security Services

Published on February 25, 2025

4 Software developers working at the same table, with laptops open.
Business economics Behavioural economics Competitive markets

Labor Market Institutions and Wage Compression: An Institutional Labor Economics Perspective on Software Developer Salaries Worldwide

Published on February 25, 2025

A large cruise ship illuminated at night, docked peacefully with city lights reflecting on the water's surface.

Economies of Scale in the Cruise Industry: Why Bigger Ships Mean Better Deals

Published on February 24, 2025

The Economic Impact of Internet Infrastructure: How Connectivity Drives Growth in the UK

The Economic Impact of Internet Infrastructure: How Connectivity Drives Growth in the UK

Published on February 22, 2025

Stylized blue-toned illustration of modern skyscrapers with overlaid financial market candlestick charts, symbolizing digital finance, data-driven markets, and economic analysis.

Is Technology Rewriting Economic Decision-Making?

Published on February 21, 2025

Black office binders labeled “Withholding tax” and “Corporate tax” stacked on top of paperwork files with sticky notes, symbolizing business taxation and financial administration.

The April 2026 Dividend Tax Hike: What It Means for Business Owners

Published on February 21, 2025

A glowing digital world map with illuminated network nodes and connecting lines spanning continents, symbolizing global data flow and information networks.

Prediction Markets and the Economics of Crowd-Sourced Forecasting

Published on February 20, 2025

Asset Utilisation and the Economics of Equipment Sharing in Capital-Intensive Industries

Asset Utilisation and the Economics of Equipment Sharing in Capital-Intensive Industries

Published on February 17, 2025

Gold bull and silver bear statues facing each other on a reflective surface, with blurred red and green stock market chart bars in the background.

The Debt Funds Strategy for High Liquidity and Safety

Published on February 17, 2025

The Economics of Startup Fundraising: Why Market Structure Matters

The Economics of Startup Fundraising: Why Market Structure Matters

Published on February 17, 2025

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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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