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Digital twins and AI modeling can help companies determine exactly when maintenance should be done to maximize efficiency.

The Economics of Digital Twins and Predictive Maintenance

Large companies may be spending billions of dollars a year in inefficient maintenance on their capital goods, either doing too much maintenance and wasting money or not enough maintenance and dealing with equipment failure. Can digital twins and AI end this inefficiency?...
4 min read
Man in white robe driving a rolls royce
Behavioural economics

The Economics of Luxury Car Rentals in Dubai: Analyzing the Experience Economy and Status Signaling

Published on March 22, 2024

Marginal Utility Formula
Definitions Behavioural economics

Marginal Utility Formula

Published on March 22, 2024

Tezos neon sign with black background and smoke
Behavioural economics Information Failure Market Failure

The NFT Resurgence and the Minsky Speculative Bubble Cycle

Published on March 21, 2024

Laptop with accounting software on the screen
Behavioural economics

The Time Value of Money and Accounts Receivable Software: How Faster Collections Improve Financial Performance

Published on March 21, 2024

hand holding a smartphone with candle chart for trading.
Behavioural economics

Forex Trading Platforms and the Role of Behavioral Economics: How Emotional Biases and Herd Behavior Shape Currency Markets

Published on March 17, 2024

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Business economics Behavioural economics

Marginal Cost Pricing and the Rise of Affordable Custom Graphic Design Services

Published on March 17, 2024

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Behavioural economics Business economics

The Market for Lemons and Its Impact on Financial Resource Sites

Published on March 13, 2024

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Business economics Behavioural economics Factors of production

Transaction Cost Economics and the Evolution of ERP Software Development

Published on March 13, 2024

Female holding a tablet with the word "Blockchain" on a blue background.
Behavioural economics Business economics

Time Preference and Hyperbolic Discounting: Understanding Credit Card Bitcoin Purchases

Published on March 13, 2024

Photograph of buildings on Wall Street
Behavioural economics

Private Wealth Management and Risk Perception: A Prospect Theory Perspective

Published on March 11, 2024

Newer Posts
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Older Posts
As AI makes fake news harder to distinguish from factual information, will consumers begin paying for verified sources?

The Economics of Deepfake Detection: Trust, Verification, and Information Markets

As AI makes fake news and misinformation harder and harder to detect, will consumers and producers begin paying for verification and certification of authenticity? Should governments get involved to re-establish trust in information to soothe roiling markets?...
4 min read

Recent Post

What would happen if sellers could use AI to determine how much you are willing and able to pay for every possible product?
The Economics of Hyper-Personalization: When Every Consumer Gets a Different Price
December 24, 2025
Thanks to the ease of remote work with today's technology, do cities still enjoy an agglomeration advantage?
The Geography of Remote Work: Are Cities Losing Their Agglomeration Advantage?
December 19, 2025
Instead of paying for Internet ads or TV commercials featuring celebrities, many firms are now using social media influencers to endorse products.
The Economics of Micro-Influencers: Reputation, Pricing, and Market Structure
December 19, 2025

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