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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
Explaining The Stock Market Boom During A Pending Recession
Market failures Behavioural economics

Explaining The Stock Market Boom During A Pending Recession

Published on June 19, 2020

The Effectiveness of Economic Stimulus Around The Globe
Uncategorized Labour markets Managing the economy Market failures

The Effectiveness of Economic Stimulus Around The Globe

Published on June 07, 2020

Cost Projections for Covid-19 Treatment in U.S
Uncategorized Business economics Managing the economy Market failures

Cost Projections for Covid-19 Treatment in U.S

Published on June 03, 2020

Global Merchandise Trade Projections for 2020 and 2021
Competitive markets Global economics Market failures

Global Merchandise Trade Projections for 2020 and 2021

Published on June 03, 2020

The minimum wage
Market failures

The minimum wage

Published on February 04, 2020

Cost Benefit Analysis
Market failures

Cost Benefit Analysis

Published on February 04, 2020

UK-EU Partnership Proposal
Market failures Questions

UK-EU Partnership Proposal

Published on February 04, 2020

Incomplete Markets
Market failures

Incomplete Markets

Published on January 31, 2020

Labour market failures
Market failures

Labour market failures

Published on January 29, 2020

Price Stabilisation
Market failures

Price Stabilisation

Published on January 29, 2020

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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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