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Digital twins and AI modeling can help companies determine exactly when maintenance should be done to maximize efficiency.

The Economics of Digital Twins and Predictive Maintenance

Large companies may be spending billions of dollars a year in inefficient maintenance on their capital goods, either doing too much maintenance and wasting money or not enough maintenance and dealing with equipment failure. Can digital twins and AI end this inefficiency?...
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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As AI makes fake news harder to distinguish from factual information, will consumers begin paying for verified sources?

The Economics of Deepfake Detection: Trust, Verification, and Information Markets

As AI makes fake news and misinformation harder and harder to detect, will consumers and producers begin paying for verification and certification of authenticity? Should governments get involved to re-establish trust in information to soothe roiling markets?...
4 min read

Recent Post

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
Thanks to the ease of remote work with today's technology, do cities still enjoy an agglomeration advantage?
The Geography of Remote Work: Are Cities Losing Their Agglomeration Advantage?
December 19, 2025
Instead of paying for Internet ads or TV commercials featuring celebrities, many firms are now using social media influencers to endorse products.
The Economics of Micro-Influencers: Reputation, Pricing, and Market Structure
December 19, 2025

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