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Will AI be the ed tech innovation that finally levels the educational playing field between rich and poor?

AI Tutors, Inequality, and the New Education Production Function

Some proponents of AI argue that it will help level the educational playing field between rich and poor students, giving those with lower income the ability to compete academically. But will AI, like previous ed tech innovations, fall prey to the Matthew effect?...
5 min read
Cell towers in twilight.
Behavioural economics Business economics Competitive markets Managing the economy Information Failure

Anonymity, Information Asymmetry, and State Capacity

Published on October 31, 2024

A row of vending machines with an elderly person using one of the machines.
Definitions Competitive markets

Substitutes Economics

Published on October 30, 2024

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Definitions Competitive markets

Price Taker

Published on October 29, 2024

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Definitions Competitive markets Factors of production

Economic Efficiency

Published on October 23, 2024

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Definitions Competitive markets

Atomistic Competition

Published on October 21, 2024

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Business economics Competitive markets

The Unbundling of the Firm: A-la-Carte B2B and the Boundaries of Production

Published on October 13, 2024

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Business economics Competitive markets

Market Access, Transaction Costs, and Financial Inclusion in Retail FX: The Case of OANDA

Published on September 19, 2024

Man working on a laptop with code on the screen.
Business economics Competitive markets

Who Captures the Surplus? Complementors vs. Platforms — Platform Economics, Bargaining Power & Value Capture

Published on September 06, 2024

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Business economics Competitive markets

Make-or-Buy in Software: The Boundaries of the Firm through Transaction Cost Economics

Published on September 03, 2024

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Business economics Competitive markets

Economies of Density and the Last-Mile: Urban Economics in the Age of Geocoding

Published on September 03, 2024

Newer Posts
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AI is a convenient tool for getting answers in common language...but are these answers accurate?

The Economics of AI Hallucinations: Information Quality as a Market Good

Many of us love to use AI programs, from ChatGPT to Grok to Google Gemini, to give us answers to complex questions in simple, common language. But are we risking financial and economic inefficiency due to AI errors? Will consumers demand that their AI answers be human-verified?...
4 min read

Recent Post

Can customer reviews on Google, Amazon, Walmart, Target, and other sites replace the need for some government regulations?
Platform Ratings as Informal Regulation
January 09, 2026
Today, most consumers get their digital entertainment through monthly subscriptions.  Will this model last?
Subscription Economies and the Rebundling of Consumer Demand
January 06, 2026
What would happen if sellers could use AI to determine how much you are willing and able to pay for every possible product?
The Economics of Hyper-Personalization: When Every Consumer Gets a Different Price
December 24, 2025

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