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Thanks to APIs, many programmers can create add-ons and extensions to existing software.

API Economies and the Modularization of Production

Thirty years ago, you had to buy entirely new software when your current program became obsolete. Today, you can download an extension, patch, or upgrade. Thanks to APIs, application programming interfaces, these "modular" additions to software can come from virtually anywhere....
4 min read
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Managing the economy Market failures

Analyzing Greedflation's Contribution to Inflation in the U.S. 2021-2024

Published on September 21, 2024

A hand holding an older model iphone taking a picture of several tall residential buildings of 40 stories or higher.
Managing the economy Market failures Business economics

eSIMs and the Green Digital Economy: Supporting IoT and Carbon Emission Reductions

Published on December 21, 2023

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Competitive markets Definitions Factors of production Market Failure Market failures Information Failure Behavioural economics

Allocative Efficiency

Published on March 05, 2023

The Free Rider Problem
Managing the economy Market failures

The Free Rider Problem

Published on October 25, 2022

Factors of Production: Definitions, Examples and Importance
Market failures Definitions Business economics Factors of production

Factors of Production: Definitions, Examples and Importance

Published on June 07, 2021

Explaining The K-Shaped Economic Recovery from Covid-19
Uncategorized Business economics Managing the economy Market failures

Explaining The K-Shaped Economic Recovery from Covid-19

Published on November 03, 2020

Largest Retail Bankruptcies Caused By 2020 Pandemic
Market failures Business economics Managing the economy

Largest Retail Bankruptcies Caused By 2020 Pandemic

Published on October 13, 2020

Identifying Speculative Bubbles and Its Effect on Markets
Competitive markets Business economics Market failures

Identifying Speculative Bubbles and Its Effect on Markets

Published on October 13, 2020

PCP or Lease: What to Choose?
Market failures

PCP or Lease: What to Choose?

Published on September 06, 2020

Will Declining Consumer Spending Cause Deflation?
Uncategorized Business economics Managing the economy Market failures

Will Declining Consumer Spending Cause Deflation?

Published on August 11, 2020

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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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