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Thanks to APIs, many programmers can create add-ons and extensions to existing software.

API Economies and the Modularization of Production

Thirty years ago, you had to buy entirely new software when your current program became obsolete. Today, you can download an extension, patch, or upgrade. Thanks to APIs, application programming interfaces, these "modular" additions to software can come from virtually anywhere....
4 min read
Contactless payment at a café showing digital transaction systems and tipping behavior in modern service industries.

Transaction Costs and Incentives in Digital vs. Cash Tipping

Published on April 17, 2025

Warehouse with blue racks and pallets stacked.
Behavioural economics Business economics Competitive markets

Economies of Scale and the Rise of Fulfilment Software

Published on April 16, 2025

Black and white photo of a jail with a silhouette on the white wall.
Behavioural economics Business economics Competitive markets

The Economic Impact of Incarceration: A Human Capital Perspective

Published on April 16, 2025

Tight Spreads Shape Competition Across Online Trading Platforms

Tight Spreads Shape Competition Across Online Trading Platforms

Published on April 12, 2025

Two developers working side by side with multiple screens and 1 ipad.
Behavioural economics Business economics Competitive markets

Skill-Biased Technological Change and the New Economics of Web Agencies

Published on April 11, 2025

How AI trading bots are changing forex market participation

How AI trading bots are changing forex market participation

Published on April 06, 2025

Why Expert Advisors Continue to Shape Automated Forex Trading

Why Expert Advisors Continue to Shape Automated Forex Trading

Published on April 06, 2025

Jigsaw puzzle pieces representing coordination, alignment, and complexity in organisational decision-making

Strategic Legal Advisory and Transaction Costs in Complex Corporate Decision-Making

Published on April 06, 2025

NYC Times Square at night with cars flashing by and a crowd on the sidewalk.
Managing the economy

Pigovian Taxes and Urban Mobility: Economic Implications of New York's $9 Congestion Toll

Published on April 05, 2025

Purple text that says "The Exchange"
Behavioural economics Business economics

Rational Expectations and Volatility in Foreign Exchange Markets

Published on April 02, 2025

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Although increasingly popular, AI still makes serious mistakes...which could cost companies big bucks in damages.

The Economics of AI Hallucinations and Error Costs

To save money on labor, many companies want to use AI to automate basic office functions, from customer service to research. However, AI is prone to making mistakes that are confidently presented as accurate facts. What are the economic implications of unchecked AI use by companies?...
5 min read

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