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Incomplete Contracts and Complex Requirements: Contract Theory and the Persistence of Bespoke Website Design Services

Incomplete contracts explain why bespoke website design services thrive amid evolving, complex digital needs....
4 min read
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Behavioural economics Business economics Competitive markets

Public Goods Theory and Private Provision: Why Governments Finance Roads but Do Not Build Them

Published on February 13, 2025

London judicial building in the background.
Behavioural economics Business economics Competitive markets

Asymmetric Information and Credence Goods: Why Choosing a Family Solicitor Is So Difficult

Published on February 10, 2025

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Behavioural economics Business economics Competitive markets

Vertical Differentiation and Market Power in Recruitment Micro-Niches: An Industrial Organisation Perspective

Published on February 10, 2025

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Factors of production Labour markets Business economics Competitive markets

Comparative Advantage in the Age of Automation: The Impact of AI on Global Trade Dynamics

Published on February 09, 2025

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Behavioural economics Business economics Competitive markets

Transaction Costs, Market Frictions, and Digital Disintermediation in Mobile Connectivity

Published on February 03, 2025

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Behavioural economics Business economics Competitive markets

Fixed Costs, Minimum Efficient Scale, and Entry Barriers in Chartered Private Aviation

Published on January 27, 2025

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Business economics Competitive markets Behavioural economics

Network Economics and Demand Aggregation: How Online Flower Platforms Became Market Makers

Published on January 25, 2025

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Business economics

New Institutional Economics and the Substitution of Legal Infrastructure: How Global Hiring Platforms Reorganize Employment

Published on January 24, 2025

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Business economics Behavioural economics Competitive markets

Credence Goods and the Erosion of Trust-Based Pricing: How AI Logo Generators Are Reshaping Design Markets

Published on January 17, 2025

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Behavioural economics Business economics Competitive markets

Human Capital Theory and the Devaluation of Experience: AI Video Enhancers and the Reallocation of Creative Skill

Published on January 17, 2025

Newer Posts
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Older Posts
Firms will soon be using AI modeling to determine their optimal level of output and pricing.

Algorithmic Collusion Without Communication

Tomorrow, will the stores you frequent be using AI modeling to set their pricing and production figures? AI models are doing that right now, and may come to engage in "collusion" by independently concluding that higher prices and lower output leads to greater profits....
4 min read

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