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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
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Behavioural economics Competitive markets Business economics

Transaction Costs and the Economics of Payroll Compliance Platforms

Published on March 26, 2025

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Behavioural economics Business economics Competitive markets

Monopolistic Competition and Product Differentiation

Published on March 26, 2025

1040 US Tax form plus iphone calculator on top of it and a pen.
Behavioural economics Business economics Competitive markets

Information Asymmetry and Credence Goods: The Economics of International Tax Advice

Published on March 22, 2025

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Behavioural economics Business economics Competitive markets

Human Capital Theory and the Returns to Specialised Knowledge in Cross-Border Taxation

Published on March 16, 2025

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Behavioural economics Business economics Competitive markets

The Benefit Principle of Taxation and the Economics of Fiscal Membership

Published on March 16, 2025

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Behavioural economics Business economics Competitive markets

Dual Labour Market Theory and the Casualisation of Work in the Age of Micro-Jobs

Published on March 15, 2025

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Behavioural economics Business economics Competitive markets

Why Small Businesses Pay for Checklists: The Economics of Scarcity, Bounded Rationality, and the Shadow Price of Attention

Published on March 12, 2025

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Behavioural economics Business economics Competitive markets

Labor Market Segmentation and Internal Labor Markets: Dual Labor Market Theory in Government-Aligned University Programs

Published on March 07, 2025

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Behavioural economics Business economics Competitive markets

Access to Justice and Credit Constraints: Credit Rationing in Personal Injury Litigation

Published on March 05, 2025

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Behavioural economics Business economics Competitive markets

Loss Leaders and Customer Acquisition Cost (CAC): Price Discrimination in the Market for Free Resume Templates

Published on March 03, 2025

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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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