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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
Covid vaccine phials

Public Goods and Collective Action: The Case of Global Vaccination Campaigns

Published on January 26, 2025

Semiconductors on a circuit board.

The Role of Comparative Advantage in Global Supply Chains: Lessons from Semiconductor Production

Published on January 23, 2025

Image of someone plotting a strategy

Game Theory in Trade Negotiations: The US-China Trade War

Published on January 23, 2025

Picture of someone holding a savings jar

Behavioral Economics and Retirement Savings: The Success of the UK’s Auto-Enrolment Pension Scheme

Published on January 23, 2025

The Economics of Network Effects: Case Study of Social Media Platforms

The Economics of Network Effects: Case Study of Social Media Platforms

Published on January 23, 2025

A photograph of a bust of Karl Marx
Managing the economy

Historical Materialism and the Misjudgment of Capitalism in the 19th Century

Published on January 18, 2025

Black Thursday
Forex Trading Global economics

Black Thursday

Published on January 16, 2025

Photograph of African mine
Competitive markets Managing the economy Factors of production

The Resource Curse and Institutional Failure: Economic Rent-Seeking and Development Challenges in Africa

Published on January 12, 2025

Production Possibility Curve (PPC)
Definitions Managing the economy

Production Possibility Curve (PPC)

Published on January 10, 2025

A photograph of a port with cargo containers.
Managing the economy

Consumer Surplus and the Economics of Parallel Importation

Published on January 10, 2025

Newer Posts
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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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