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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
How AI trading bots are changing forex market participation

How AI trading bots are changing forex market participation

Published on April 06, 2025

Why Expert Advisors Continue to Shape Automated Forex Trading

Why Expert Advisors Continue to Shape Automated Forex Trading

Published on April 06, 2025

Jigsaw puzzle pieces representing coordination, alignment, and complexity in organisational decision-making

Strategic Legal Advisory and Transaction Costs in Complex Corporate Decision-Making

Published on April 06, 2025

NYC Times Square at night with cars flashing by and a crowd on the sidewalk.
Managing the economy

Pigovian Taxes and Urban Mobility: Economic Implications of New York's $9 Congestion Toll

Published on April 05, 2025

Purple text that says "The Exchange"
Behavioural economics Business economics

Rational Expectations and Volatility in Foreign Exchange Markets

Published on April 02, 2025

I Need Your Clothes, Your Boots, and Your Motorcycle: The Future of Visual Search in Retail

Published on March 30, 2025

SPY screen showing returns for the day and line chart.

Rational Expectations and the Market Impact of Economic Calendars

Published on March 30, 2025

Book with text on it.
Behavioural economics Business economics Competitive markets

Public Goods and the Economics of Cheap Content Replication

Published on March 30, 2025

A college classroom during a math lecture, with a professor standing at the front writing equations on large chalkboards while students sit facing forward, taking notes.

Student Employment and the Economics of Labour Supply

Published on March 30, 2025

Salary sacrifice car schemes show how incentives, tax incidence, and externalities influence labour supply and consumer choices.

Salary Sacrifice Car Schemes: Tax Incentives, Labour Supply, and the Economics of Electric Vehicle Adoption

Published on March 27, 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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Thanks to APIs, many programmers can create add-ons and extensions to existing software.
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