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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
Strong Growth of Comprehensive SaaS Businesses is Fueled by Private Equity Demand
Business economics

Strong Growth of Comprehensive SaaS Businesses is Fueled by Private Equity Demand

Published on October 14, 2023

Case Study: Aspects of Microsoft's Network Effect Breaking Down
Business economics

Case Study: Aspects of Microsoft's Network Effect Breaking Down

Published on October 06, 2023

The Commodification of Personhood: Consumers' Increasing Value to Online Advertisers
Business economics

The Commodification of Personhood: Consumers' Increasing Value to Online Advertisers

Published on October 06, 2023

Agglomeration Economies
Definitions Business economics Global economics

Agglomeration Economies

Published on September 11, 2023

Total Revenue Formula
Definitions Business economics

Total Revenue Formula

Published on August 14, 2023

Business Cycle Graph
Definitions Managing the economy Business economics Global economics

Business Cycle Graph

Published on August 06, 2023

Horizontal Integration
Definitions Business economics

Horizontal Integration

Published on July 05, 2023

Pros and Cons of Capitalism
Definitions Managing the economy Business economics

Pros and Cons of Capitalism

Published on July 03, 2023

Supply and Demand Curves Explained
Competitive markets Definitions Business economics

Supply and Demand Curves Explained

Published on June 16, 2023

Vertical Integration
Definitions Business economics

Vertical Integration

Published on June 13, 2023

Newer Posts
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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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