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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
Man's hands typing on a macbook air.
Behavioural economics Business economics Competitive markets

Tax Arbitrage and Fiscal Competition: How Entrepreneurs Use Jurisdictional Differences to Optimize Taxes

Published on June 01, 2024

Laptop in the background that is fuzzy.
Behavioural economics Business economics Competitive markets

Transaction Cost Economics and the Rise of Self-Service Moving Platforms

Published on June 01, 2024

Green and Red net grid meant to represent machine learning nodules
Business economics Competitive markets Factors of production

Comparative Advantage and the Rise of B2B AI & ML Development Services

Published on May 29, 2024

Picture of laptop and computer screen with pink underlight. The screens have bar charts on them.
Behavioural economics Business economics Competitive markets

Risk Correlation and Systemic Contagion: The Hidden Danger in Unified Trading Platforms

Published on May 29, 2024

Trading screen with a microphone and computer keyboard
Behavioural economics Business economics

Human Capital Theory and the Rise of Funded Trader Platforms: How Education Meets Opportunity in Online Finance

Published on May 16, 2024

Man working on two laptops with trading screens on them.
Behavioural economics Business economics Competitive markets

The Principal-Agent Problem and the Rise of Funded Traders: Managing Risk in the Modern Prop Firm Economy

Published on May 16, 2024

Brand Loyalty
Definitions Business economics

Brand Loyalty

Published on May 15, 2024

Image of Bitcoin bar chart on a smartphone.
Behavioural economics Business economics Competitive markets

How Technology Diffusion and Democratization Are Reshaping Retail Trading in the Age of AI

Published on May 15, 2024

Sepia tone image of a Saab with broken rear window.
Behavioural economics Business economics Competitive markets

How Friction Costs and Present Bias Drive the Economics of Junk Car Disposal

Published on May 15, 2024

A group of fi e women, 4 of whom are black sitting a conference table.
Behavioural economics Competitive markets Business economics

How Signaling and Reputation Economics Explain the Changing Landscape in DEI in Business

Published on May 15, 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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