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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
The supermarket sector
Business economics

The supermarket sector

Published on January 20, 2020

Nationalisation
Business economics

Nationalisation

Published on January 20, 2020

Privatisation
Business economics

Privatisation

Published on January 20, 2020

The Competition Network
Business economics

The Competition Network

Published on January 20, 2020

The CMA
Business economics

The CMA

Published on January 20, 2020

Regulation and competition policy
Business economics

Regulation and competition policy

Published on January 20, 2020

Barriers to entry
Business economics

Barriers to entry

Published on January 20, 2020

Contestable markets
Business economics

Contestable markets

Published on January 20, 2020

Price discrimination - example
Business economics

Price discrimination - example

Published on January 20, 2020

Business economics

Complex monopolies

Published on January 20, 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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