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Credit Rationing and Information Asymmetry: The Economics Behind Online Micro-Loans

Credit rationing and asymmetric info explain why high-risk micro-loans exist and carry high rates....
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Application Programming Interfaces (APIs) allow software on different devices and systems to talk to each other.

The Economics of API Ecosystems and Modular Innovation

Today, Application Programming Interfaces (APIs) and modular software development allow for widespread and rapid improvement of programs and apps. How has the macro economy changed by this recent shift toward interoperability and add-on upgrades in software?...
4 min read

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