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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
Answer zinc student
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Answer zinc student

Published on January 31, 2020

Questions on CBA
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Questions on CBA

Published on January 31, 2020

Exchange Rate
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Exchange Rate

Published on January 31, 2020

Questions on global shocks
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Questions on global shocks

Published on January 31, 2020

Questions on government failure
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Questions on government failure

Published on January 31, 2020

Questions on national income
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Questions on national income

Published on January 31, 2020

Questions on taxation
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Questions on taxation

Published on January 31, 2020

Questions on vanilla prices
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Questions on vanilla prices

Published on January 31, 2020

Questions select category from menu
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Questions select category from menu

Published on January 30, 2020

Questions on global economic problems
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Questions on global economic problems

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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