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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
9 blank yellow post its, with the 9th one being placed by a woman's hand.
Behavioural economics Business economics Competitive markets

Why Small Businesses Pay for Checklists: The Economics of Scarcity, Bounded Rationality, and the Shadow Price of Attention

Published on March 12, 2025

Top down view of university auditorium
Behavioural economics Business economics Competitive markets

Labor Market Segmentation and Internal Labor Markets: Dual Labor Market Theory in Government-Aligned University Programs

Published on March 07, 2025

A digital stock market board displays red downward arrows and numbers at night with blurred city lights and pedestrians in the background.

Nvidia Faces Valuation Test as AI Capex Nears Peak

Published on March 06, 2025

Close-up of several Brazilian 100 real banknotes, showing detailed blue design and partial faces on the currency.

Market Reversal Detection Through Algorithmic Forex Bots

Published on March 06, 2025

 Andrey Rappoport
Profiles

Rappoport Andrey Natanovich: A Career Built on Strategy, Scale, and Impact

Published on March 05, 2025

 A bicycle parked outside a MoneyGram store, showcasing a typical urban setting.

Payday Lending as a Price of Liquidity: What the Data Says About Short-Term Credit

Published on March 05, 2025

Statue of lady justice being blind.
Behavioural economics Business economics Competitive markets

Access to Justice and Credit Constraints: Credit Rationing in Personal Injury Litigation

Published on March 05, 2025

Bitcoin coin on a laptop keyboard with a rising cryptocurrency price chart in the background.

The Hidden Economic Impact of Malware on Businesses

Published on March 05, 2025

Digital tax concept with the word “TAX” surrounded by financial charts, analytics icons, and data visualizations above open hands.

​​The Economic Implications of Making Tax Digital (MTD) in the UK

Published on March 03, 2025

Laptop With text in orange that says "Join us online" on a white background.
Behavioural economics Business economics Competitive markets

Loss Leaders and Customer Acquisition Cost (CAC): Price Discrimination in the Market for Free Resume Templates

Published on March 03, 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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