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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
SPY screen showing returns for the day and line chart.

Rational Expectations and the Market Impact of Economic Calendars

Published on March 30, 2025

A college classroom during a math lecture, with a professor standing at the front writing equations on large chalkboards while students sit facing forward, taking notes.

Student Employment and the Economics of Labour Supply

Published on March 30, 2025

I Need Your Clothes, Your Boots, and Your Motorcycle: The Future of Visual Search in Retail

Published on March 30, 2025

Book with text on it.
Behavioural economics Business economics Competitive markets

Public Goods and the Economics of Cheap Content Replication

Published on March 30, 2025

A hand in a blue sleeve pulls a yellow block from a stack of red wooden blocks, with blinds and sunlight in the background.

Enterprise Risk Management and Decision-Making Under Uncertainty

Published on March 27, 2025

Salary sacrifice car schemes show how incentives, tax incidence, and externalities influence labour supply and consumer choices.

Salary Sacrifice Car Schemes: Tax Incentives, Labour Supply, and the Economics of Electric Vehicle Adoption

Published on March 27, 2025

Sticker that says "PAY ME" on a wall outside
Behavioural economics Competitive markets Business economics

Transaction Costs and the Economics of Payroll Compliance Platforms

Published on March 26, 2025

PDF Flip book with palm tree shadow on it
Behavioural economics Business economics Competitive markets

Monopolistic Competition and Product Differentiation

Published on March 26, 2025

Professional photo studio with umbrellas
Behavioural economics Business economics

Creative Destruction and Technological Change: AI Photo Headshots and the Reinvention of Professional Photography

Published on March 26, 2025

1040 US Tax form plus iphone calculator on top of it and a pen.
Behavioural economics Business economics Competitive markets

Information Asymmetry and Credence Goods: The Economics of International Tax Advice

Published on March 22, 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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