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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
The Rise of Digital Goods and Their Impact on Traditional Retail

The Rise of Digital Goods and Their Impact on Traditional Retail

Published on March 09, 2024

A large curved screen in the background and a male hand holding a smart phone with the skype logo in blue.
Behavioural economics Competitive markets Business economics

Network Effects and the Retirement of Skype: Analyzing Microsoft's Strategic Shift and Its Market Implications

Published on March 07, 2024

Company Formation in Foreign Jurisdictions: Legal and Administrative Requirements

Company Formation in Foreign Jurisdictions: Legal and Administrative Requirements

Published on March 06, 2024

The Economics of Coastal Real Estate: Supply, Demand, and Long-Term Investment Potential

The Economics of Coastal Real Estate: Supply, Demand, and Long-Term Investment Potential

Published on March 06, 2024

Understanding Credit Risk: The Impact of Low Credit Scores on Borrowing Trends

Understanding Credit Risk: The Impact of Low Credit Scores on Borrowing Trends

Published on March 06, 2024

The Economic Advantages of Adopting Cloud-Based CRM Solutions
Business economics

The Economic Advantages of Adopting Cloud-Based CRM Solutions

Published on March 05, 2024

A screen with Nasdaqa and S&P 500 index prices shown
Business economics

Democratizing Venture Capital: Retail Investors Entering High-Risk, High-Reward Markets

Published on March 04, 2024

The Economics of Sports Partnerships: How Clubs Like Manchester City Drive Financial Innovation

The Economics of Sports Partnerships: How Clubs Like Manchester City Drive Financial Innovation

Published on March 04, 2024

Undustrial tubes seen from a top-down view.
Behavioural economics Business economics Competitive markets

The Risk-Reward Tradeoff in B2B Markets: How Fewer Clients Create Higher Volatility but Greater Margins

Published on March 04, 2024

Person working on multiple screens, engaged in coding.
Labour markets

The Principle of Comparative Advantage: Navigating the Shift to an A-La-Carte Workforce

Published on March 04, 2024

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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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