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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
Income elasticity of demand (YED)
Definitions

Income elasticity of demand (YED)

Published on January 29, 2020

What is Cross Elasticity of Demand?
Definitions

What is Cross Elasticity of Demand?

Published on January 29, 2020

Withdrawals
Definitions

Withdrawals

Published on January 29, 2020

Wealth effect
Definitions

Wealth effect

Published on January 29, 2020

Definition of wage elasticity
Definitions

Definition of wage elasticity

Published on January 29, 2020

Definitions

Tobin_tax

Published on January 29, 2020

Tariff
Definitions

Tariff

Published on January 29, 2020

The long tail
Definitions

The long tail

Published on January 29, 2020

Supply side policy
Definitions

Supply side policy

Published on January 29, 2020

Supply shock
Definitions

Supply shock

Published on January 29, 2020

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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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Cloud data storage has rapidly become a huge industry, with some unexpected third party costs.
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