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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
MacBook with wireframe designs on the screen.
Behavioural economics Business economics Competitive markets

Incomplete Contracts and Complex Requirements: Contract Theory and the Persistence of Bespoke Website Design Services

Published on February 20, 2026

Cityscape featuring a mix of historic and modern architecture, including a red brick building with a tower and clock amidst tall glass structures.

Shifts in the UK economy are changing attitudes to investment risk

Published on February 10, 2026

3D Rendered image of a computer with emblems floating around saying PHP, HTML, JS & CSS
Behavioural economics Business economics Competitive markets

Comparative Advantage and Specialization in Execution: Ricardo’s Law Applied to SaaS Development

Published on February 03, 2026

Cell phone with black background and white text.
Behavioural economics Business economics Competitive markets

Bounded Rationality and Behavioral Frictions: Why Simple Digital Tools Outcompete “Built-In” Features

Published on January 30, 2026

A smartphone displaying a financial chart under a magnifying glass, with "SELL" and "BUY" buttons and an upward trend arrow.

Day Trading Platforms for Beginners in 2026: An Economic Comparison

Published on January 16, 2026

A person in a plaid shirt sits at a desk, focused on a computer screen displaying a search interface, with headphones and a phone nearby.

Irregular Earnings of Gig Workers and the Microeconomic Perspective on Volatility

Published on December 24, 2025

A close-up view of a sign reading "TRADING" against a backdrop of tall, modern skyscrapers in a black and white setting.

Understanding CFDs in Today’s Market: Flexibility in a Volatile Landscape

Published on December 19, 2025

Illustration of the U.S. Treasury building, featuring a grand facade with columns, steps, and an American flag waving above.

The Emergence of Hybrid Curve Dynamics After Inversion

Published on December 18, 2025

A digital graph displaying an upward trend with orange lines and bars against a blurred blue background, symbolizing growth in data.

AI Investments Surge: Chipmakers’ Capitalization Jumps $200 Billion

Published on October 30, 2025

A vibrant, colorful digital wave background with text overlay reading "A Micro Model for Paid YouTube Promotion.

The ROI of Attention: A Micro Model for Paid YouTube Promotion

Published on October 28, 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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