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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
Price discrimination
Business economics

Price discrimination

Published on January 20, 2020

Monopoly
Business economics

Monopoly

Published on January 20, 2020

Pricing options
Business economics

Pricing options

Published on January 20, 2020

John Nash - Nash equilibrium
Business economics

John Nash - Nash equilibrium

Published on January 20, 2020

Game Theory
Business economics

Game Theory

Published on January 20, 2020

A lone building representing oligopoly dominance in a market
Business economics

Oligopoly

Published on January 20, 2020

Monopolistic competition
Business economics Right Rail

Monopolistic competition

Published on January 17, 2020

Market structures
Business economics

Market structures

Published on January 17, 2020

Minimum efficient scale
Business economics

Minimum efficient scale

Published on January 17, 2020

Diseconomies of Scale
Business economics Factors of production Definitions Behavioural economics

Diseconomies of Scale

Published on January 17, 2020

Newer Posts
Page 24 of 27
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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?
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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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