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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
A blonde and a brunette with a laptop and a phone open, showing the words "University".
Business economics Competitive markets Factors of production

Adaptive Learning as Bayesian Updating: Decision Theory in Modern Test Prep

Published on September 18, 2025

International Money Transfers: Reducing Transaction Costs and Enhancing Efficiency

International Money Transfers: Reducing Transaction Costs and Enhancing Efficiency

Published on September 16, 2025

Main Economic Implications of SWOT Analysis for Web Development Company

Main Economic Implications of SWOT Analysis for Web Development Company

Published on July 22, 2025

Image of Dubai skyline with clouds hanging low.
Behavioural economics Business economics Competitive markets

Information Asymmetry and the Rise of Expat-Focused Real Estate Brokerages

Published on June 13, 2025

A suited man with a bag on his head labeled "TAX" points towards the viewer against a mint green background.

7 Common Tax Mistakes That American Expats Make and How to Avoid Them

Published on June 02, 2025

Child sitting in front of a computer with headphones on, with a pen in hand, looking at a laptop, engaging in online learning.
Behavioural economics Business economics Competitive markets

Economies of Scale and the Growth of Online K–12 Learning Platforms

Published on May 31, 2025

Close-up of a digital trading dashboard displaying stock market indices, percentage changes, and a live price chart on a computer screen.

The Efficient Market Hypothesis and the Evolution of AI Trading Systems

Published on May 30, 2025

Bitcoin trading chart on a digital market platform showing price movements and technical analysis data.

The Role of AI Trading Bot Forex in Modern Forex Robot Strategies

Published on May 30, 2025

Container shipping with Stevedoors
Behavioural economics Business economics Competitive markets

Demand Uncertainty and the Value of Flexible Storage Capacity

Published on May 29, 2025

Blurred shoppers walk beneath a glowing Apple logo inside a modern Apple Store with a polished black-and-white tiled floor

Loyalty is the New Retention: Why Customer Success Isn't Enough for Your SaaS

Published on May 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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