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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
Competitive labour markets
Business economics

Competitive labour markets

Published on January 29, 2020

Small firms
Business economics

Small firms

Published on January 29, 2020

Browsers - market shares
Business economics

Browsers - market shares

Published on January 29, 2020

Evaluation of Competition Policy
Business economics

Evaluation of Competition Policy

Published on January 29, 2020

Retail Banking Investigation - CMA
Business economics

Retail Banking Investigation - CMA

Published on January 29, 2020

Railways
Business economics

Railways

Published on January 29, 2020

European competition policy
Business economics

European competition policy

Published on January 29, 2020

Royal mail privatisation
Business economics

Royal mail privatisation

Published on January 29, 2020

Tesco and Booker merger
Business economics

Tesco and Booker merger

Published on January 29, 2020

Asda-sainsbury-merger
Business economics

Asda-sainsbury-merger

Published on January 29, 2020

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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