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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
Healthcare as a merit good
Market failures

Healthcare as a merit good

Published on January 17, 2020

Merit goods
Market failures

Merit goods

Published on January 17, 2020

Incomplete markets
Market failures

Incomplete markets

Published on January 17, 2020

Missing markets
Market failures

Missing markets

Published on January 17, 2020

Types of market failure
Market failures

Types of market failure

Published on January 17, 2020

Introduction to market failures
Market failures

Introduction to market failures

Published on January 15, 2020

Answer
Market failures

Answer

Published on February 04, 2019

Minimum_price_alcohol_Scotland
Market failures

Minimum_price_alcohol_Scotland

Published on February 04, 2019

Sugar tax
Market failures

Sugar tax

Published on January 31, 2019

Newer Posts
Page 5 of 5
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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