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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
Person working on multiple screens, engaged in coding.
Labour markets

The Principle of Comparative Advantage: Navigating the Shift to an A-La-Carte Workforce

Published on March 04, 2024

What is a NEET?
Definitions Labour markets

What is a NEET?

Published on December 13, 2023

An image of a steel mill.
Definitions Labour markets Competitive markets

Factor Market: A Comprehensive Guide

Published on October 13, 2023

Labour Arbitrage
Definitions Labour markets Global economics

Labour Arbitrage

Published on September 27, 2023

Binding Price Floor
Definitions Managing the economy Labour markets

Binding Price Floor

Published on July 31, 2023

Efficiency Wage Theory
Definitions Labour markets

Efficiency Wage Theory

Published on May 18, 2023

The Law of Unintended Consequences
Definitions Behavioural economics Labour markets Managing the economy

The Law of Unintended Consequences

Published on April 07, 2023

Increased UK Labor Force Embraces Digital in Navigating the Market
Definitions Labour markets

Increased UK Labor Force Embraces Digital in Navigating the Market

Published on December 01, 2022

An example of seasonal unemployment depicted in a ski slope in summer, with its ski lifts not in operation.
Labour markets Managing the economy

Seasonal Unemployment

Published on September 19, 2022

Using Asymmetric Information To Understand How Markets Work
Labour markets Managing the economy

Using Asymmetric Information To Understand How Markets Work

Published on September 24, 2021

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Cityscape featuring a mix of historic and modern architecture, including a red brick building with a tower and clock amidst tall glass structures.

Shifts in the UK economy are changing attitudes to investment risk

The United Kingdom is a nation of savers, with an exceptionally low risk appetite when it comes to investing. Could a brightening economic o...
4 min read

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