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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
Overhead view of a desk with an open laptop, a plant, a notepad being handwritten on, a marketing and pricing book, and headphones.
Business economics

Price Elasticity of Demand in Startup Formation Services

Published on July 23, 2025

Two people inside of an office at a desk looking at a laptop and a larger desktop monitor
Business economics Innovation & Technology

Transaction Cost Economics and Financial Consolidation Software: Why Firms Invest in Digital Coordination

Published on July 16, 2025

Calculator, coins, cash, and pen representing budgeting, savings, and financial planning
Crypto Business economics

Financial Intermediation and Disintermediation: What Coase's Theory of the Firm Tells Us About Crypto Lending

Published on July 13, 2025

Wooden letter tiles spelling bond on reflective surface with greenery background
Business economics

Barriers to Entry: What Insurance Broker Bonds Reveal About the Economics of Occupational Licensing

Published on July 10, 2025

Rows of data centre servers in a rack, with blinking status lights and network cables, representing cloud computing and digital infrastructure
Innovation & Technology Business economics Competitive markets

Scarcity and Efficiency: The Economics of Server Sharing Through VPS Hosting

Published on June 30, 2025

A graphic of a shopping cart filled with cardboard boxes against a blue background. On the ground, there are paper wrapped boxes and bags.
Business economics Competitive markets Information Failure

Comparative Advantage and Platform Power: The Economics Driving the Rise of Digital Commerce

Published on June 26, 2025

Website coding IDE for web scraping
Business economics

The Role of Web Scraping in the Modern World of the Economy

Published on June 26, 2025

A closeup of a hand with a marker writing on a transparent white board
Innovation & Technology Business economics Global economics

Creative Destruction: How Entrepreneurship, Innovation, and Business Formation Drive Economic Growth

Published on June 25, 2025

A graphic of a purple, shiny 3D cloud plugged into a microprocessing chip
Business economics Competitive markets Innovation & Technology

SaaS and the Subscription Economy: How Cloud Software Is Reshaping Business Competition and Market Concentration

Published on June 20, 2025

City of London
Business economics Agglomeration Economies Labour markets

Agglomeration Economies and Localisation Effects: What Makes Being Located In The City of London A Competitive Advantage for Start-ups

Published on June 18, 2025

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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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