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Digital twins and AI modeling can help companies determine exactly when maintenance should be done to maximize efficiency.

The Economics of Digital Twins and Predictive Maintenance

Large companies may be spending billions of dollars a year in inefficient maintenance on their capital goods, either doing too much maintenance and wasting money or not enough maintenance and dealing with equipment failure. Can digital twins and AI end this inefficiency?...
4 min read
Price Discrimination and the Airline Industry: Economic Effects of Tiered Pricing Models

Price Discrimination and the Airline Industry: Economic Effects of Tiered Pricing Models

Published on February 26, 2025

City parks and urban green spaces provide significant economic benefits.

Public Goods and Urban Green Spaces: Economic Implications of Parks in Developing Cities

Published on February 24, 2025

Amazon warehouse

The Principle of Creative Destruction: How E-Commerce Has Reshaped Retail Industries

Published on February 24, 2025

The Economic Impact of Internet Infrastructure: How Connectivity Drives Growth in the UK

The Economic Impact of Internet Infrastructure: How Connectivity Drives Growth in the UK

Published on February 22, 2025

Image of emissions coming from manufacturing facilit

Externalities and Climate Policy: The European Union Emissions Trading System (EU ETS)

Published on February 15, 2025

Oil rigs remain popular due to continued public concerns of renewable energy being less reliable.

Elasticity of Demand and the Global Energy Transition: A Case Study on Fossil Fuels vs. Renewables

Published on February 15, 2025

Game Theory in Trade Negotiations: Lessons from the US-China Trade War

Game Theory in Trade Negotiations: Lessons from the US-China Trade War

Published on February 15, 2025

Picture of railroad tracks

The Impact of Opportunity Cost in Public Infrastructure Projects: A Case Study of High-Speed Rail in California

Published on February 15, 2025

A factory produces goods.  If it pays lower wages than in a wealthy country, is it ethical?

Comparative Advantage in the Modern Era: The Impact of Free Trade on Developing Economies

Published on February 13, 2025

Economies of Scale and the Rise of Mega Factories: The Case of Tesla’s Gigafactories

Economies of Scale and the Rise of Mega Factories: The Case of Tesla’s Gigafactories

Published on February 13, 2025

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As AI makes fake news harder to distinguish from factual information, will consumers begin paying for verified sources?

The Economics of Deepfake Detection: Trust, Verification, and Information Markets

As AI makes fake news and misinformation harder and harder to detect, will consumers and producers begin paying for verification and certification of authenticity? Should governments get involved to re-establish trust in information to soothe roiling markets?...
4 min read

Recent Post

What would happen if sellers could use AI to determine how much you are willing and able to pay for every possible product?
The Economics of Hyper-Personalization: When Every Consumer Gets a Different Price
December 24, 2025
Thanks to the ease of remote work with today's technology, do cities still enjoy an agglomeration advantage?
The Geography of Remote Work: Are Cities Losing Their Agglomeration Advantage?
December 19, 2025
Instead of paying for Internet ads or TV commercials featuring celebrities, many firms are now using social media influencers to endorse products.
The Economics of Micro-Influencers: Reputation, Pricing, and Market Structure
December 19, 2025

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