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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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Behavioural economics Competitive markets Business economics

Transaction Costs and the Economics of Payroll Compliance Platforms

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

A federal building with flag flying at half-staff.
Behavioural economics Business economics Competitive markets

The Benefit Principle of Taxation and the Economics of Fiscal Membership

Published on March 16, 2025

Man sitting at a laptop looking at the screen, leaning in, wearing glassees and looking chubby.
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

Forex currency trading on phone and laptop
Behavioural economics Business economics Competitive markets

Transaction Timing and Option Value: Real Options Theory in the Age of the EUR/USD Live Chart

Published on February 27, 2025

Newer Posts
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Older Posts
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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