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Artificial intelligence programs, commonly known as AI, allow computers to mimic human abilities.

AI and the Labor Market: Complement or Competitor?

Over the next five to ten years, many economists anxiously await the effects of AI expansion on labor markets. Which jobs are vulnerable to being mostly or entirely automated by AI? Which jobs will remain secure, using AI as a labor-saving tool?...
6 min read
Financial products
Competitive markets

Financial products

Published on January 29, 2020

Inefficiency
Market failures

Inefficiency

Published on January 29, 2020

Monopoly power
Market failures

Monopoly power

Published on January 29, 2020

The stock market
Competitive markets

The stock market

Published on January 29, 2020

Lack of property rights
Market failures

Lack of property rights

Published on January 29, 2020

Minimum price for alcohol
Competitive markets

Minimum price for alcohol

Published on January 29, 2020

Indifference curves - income and demand
Competitive markets

Indifference curves - income and demand

Published on January 29, 2020

Indifference curves - prices and demand
Competitive markets

Indifference curves - prices and demand

Published on January 29, 2020

Index numbers
Competitive markets

Index numbers

Published on January 29, 2020

Euro-19
Global economics

Euro-19

Published on January 29, 2020

Newer Posts
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Many consumers purchase multiple Internet subscription services and forget to cancel ones they no longer use.

Buy It Now, Pay Forever? The Economics of Subscription Overload

Many consumers purchase several subscription services and fail to properly budget for them, leading to broken budgets. How does "subscription overload" affect our budgeting and spending, and why do firms push subscription models so heavily?...
6 min read

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