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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
Modern open-plan office with rows of developers working on laptops at shared desks under sleek ceiling lighting.

Why Enterprise Web Projects Require Specialized Agencies: An Economic Perspective

Published on April 24, 2025

A digital screen displaying a fluctuating stock market graph with various data points and trends.

How AI Is Changing the Way People Research Crypto in 2026

Published on April 23, 2025

A shipping port with ships, containers and cranes.

How Supply Chain Digitalization Is Reshaping Global Trade and Inflation

Published on April 20, 2025

Boy screaming into a voice over microphone

The Human Voice in an AI World: Career Opportunities in the Age of Synthetic Speech

Published on April 20, 2025

Contactless payment at a café showing digital transaction systems and tipping behavior in modern service industries.

Transaction Costs and Incentives in Digital vs. Cash Tipping

Published on April 17, 2025

Transaction Costs in Field Service: How Tree Service Apps Reduce Operational Friction

Transaction Costs in Field Service: How Tree Service Apps Reduce Operational Friction

Published on April 17, 2025

Warehouse with blue racks and pallets stacked.
Behavioural economics Business economics Competitive markets

Economies of Scale and the Rise of Fulfilment Software

Published on April 16, 2025

Black and white photo of a jail with a silhouette on the white wall.
Behavioural economics Business economics Competitive markets

The Economic Impact of Incarceration: A Human Capital Perspective

Published on April 16, 2025

Tight Spreads Shape Competition Across Online Trading Platforms

Tight Spreads Shape Competition Across Online Trading Platforms

Published on April 12, 2025

Two developers working side by side with multiple screens and 1 ipad.
Behavioural economics Business economics Competitive markets

Skill-Biased Technological Change and the New Economics of Web Agencies

Published on April 11, 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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