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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 hand in a blue sleeve pulls a yellow block from a stack of red wooden blocks, with blinds and sunlight in the background.

Enterprise Risk Management and Decision-Making Under Uncertainty

Published on March 27, 2025

Sticker that says "PAY ME" on a wall outside
Behavioural economics Competitive markets Business economics

Transaction Costs and the Economics of Payroll Compliance Platforms

Published on March 26, 2025

PDF Flip book with palm tree shadow on it
Behavioural economics Business economics Competitive markets

Monopolistic Competition and Product Differentiation

Published on March 26, 2025

Professional photo studio with umbrellas
Behavioural economics Business economics

Creative Destruction and Technological Change: AI Photo Headshots and the Reinvention of Professional Photography

Published on March 26, 2025

1040 US Tax form plus iphone calculator on top of it and a pen.
Behavioural economics Business economics Competitive markets

Information Asymmetry and Credence Goods: The Economics of International Tax Advice

Published on March 22, 2025

Woman working on a laptop in a café by a window, illustrating remote work and digital nomad lifestyle.

The New Global American: How Remote Work Is Reshaping Expat Life and Tax Decisions

Published on March 20, 2025

A person uses a smartphone, with digital shopping cart icons and a "Buy" button overlaid, representing online shopping or mobile e-commerce.

How Price Discrimination Works In Online Markets

Published on March 19, 2025

Australian currency

Credit, Lending and Borrowing: Australia’s Loan Market Outlook for 2026

Published on March 19, 2025

A crowd of people, mostly in business attire, walking across a large crosswalk in an urban setting.

How Employment Verification Affects Labour Market Efficiency

Published on March 19, 2025

Papework and pen on a white background, paperwork is from IRS.
Behavioural economics Business economics Competitive markets

Human Capital Theory and the Returns to Specialised Knowledge in Cross-Border Taxation

Published on March 16, 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.
API Economies and the Modularization of Production
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