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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
Glowing digital signage at night
Business economics Behavioural economics

Creative Destruction and the Rise of Physical-Digital Advertising: How Innovation is Shifting Back to the Real World

Published on March 01, 2025

Silhouette of a drilling rig against a vibrant orange sunset, with calm waters and distant boats.

Why Crude Prices Are Rising

Published on February 27, 2025

Forex currency trading on phone and laptop
Behavioural economics Business economics Competitive markets

Transaction Timing and Option Value: Real Options Theory in the Age of the EUR/USD Live Chart

Published on February 27, 2025

Flowers in the back of a pickup truck on a busy street.
Behavioural economics Business economics Competitive markets

Two-Sided Platforms and Rent Capture: Platform Economics in Digital Flower Delivery

Published on February 26, 2025

Email icons on a blurry black digital background
Behavioural economics Competitive markets

Bundling Theory and Complementarity: Why Hosting and Email Are Sold Together

Published on February 25, 2025

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

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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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