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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
Information Asymmetry and the Market for Lemons: How Virtual Data Rooms Solve a Classic Economic Problem
Business economics

Information Asymmetry and the Market for Lemons: How Virtual Data Rooms Solve a Classic Economic Problem

Published on June 15, 2025

Image of Dubai skyline with clouds hanging low.
Behavioural economics Business economics Competitive markets

Information Asymmetry and the Rise of Expat-Focused Real Estate Brokerages

Published on June 13, 2025

Singapore skyline at dusk. The lights of skyscrapers are glowing and reflecting on the water, while the sun sets behind the buildings.
Business economics Information Failure Competitive markets Global economics

Transaction Cost Economics and Company Registration in Singapore: Why Institutions Matter

Published on June 12, 2025

An image of a metal bank vault focused on the bolt-throwing hand wheel
Market Failure Competitive markets Managing the economy Business economics

The Supply and Demand of Deposits: Why San Diego CD Rates Differ from the National Average

Published on June 11, 2025

Aerial view of Earth from space showing the interconnection of lights between cities
Business economics Competitive markets Innovation & Technology

Comparative Advantage in the Digital Coordination Economy: How Specialisation Evolves as Transaction Costs Fall

Published on June 10, 2025

Virtual card payment using phone
Market Failure Business economics

Transaction Cost Economics and The Demise of Wire Transfers

Published on June 06, 2025

Young office worker sitting with documents
Business economics

Reducing Transaction Costs Through Effective Document Management Systems

Published on June 06, 2025

Two people shaking hands in a business setting, symbolizing trust, agreement, and cooperation between parties.
Business economics Market Failure Behavioural economics

Information Economics and Signaling: Why Referral Marketing Works in Markets with Imperfect Information

Published on June 05, 2025

Swiss flag over Lucerne lakefront skyline representing Switzerland's economy and financial sector
Business economics Managing the economy

Why Capital Moves to Switzerland

Published on June 03, 2025

Used plastic bottles in a metal crate for recycling
Business economics Global economics Market Failure

The Market for Sustainable Goods: Pigouvian Taxation, Plastics and Waste

Published on June 03, 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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