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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
A graphic of a purple, shiny 3D cloud plugged into a microprocessing chip
Business economics Competitive markets Innovation & Technology

SaaS and the Subscription Economy: How Cloud Software Is Reshaping Business Competition and Market Concentration

Published on June 20, 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

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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

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Competitive markets Information Failure Innovation & Technology

Comparative Advantage and Content Specialisation in the Age of Generative Search

Published on June 10, 2025

Child sitting in front of a computer with headphones on, with a pen in hand, looking at a laptop, engaging in online learning.
Behavioural economics Business economics Competitive markets

Economies of Scale and the Growth of Online K–12 Learning Platforms

Published on May 31, 2025

Container shipping with Stevedoors
Behavioural economics Business economics Competitive markets

Demand Uncertainty and the Value of Flexible Storage Capacity

Published on May 29, 2025

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Behavioural economics Business economics Competitive markets

Risk Management and the Economics of Dedicated Proxy Infrastructure

Published on May 25, 2025

The letters "AI" with computer generated swirls around them and dots beneath it.
Behavioural economics Business economics Competitive markets

Labour Substitution and Productivity in AI Video Generation

Published on May 25, 2025

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AI logo and network powe

Beyond the Chips: Why Cables, Connectors and Power Networks Matter to AI Growth

Artificial intelligence is often presented as a race for faster processors and more capable software. Yet every large AI system also depends...
3 min read

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