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Although increasingly popular, AI still makes serious mistakes...which could cost companies big bucks in damages.

The Economics of AI Hallucinations and Error Costs

To save money on labor, many companies want to use AI to automate basic office functions, from customer service to research. However, AI is prone to making mistakes that are confidently presented as accurate facts. What are the economic implications of unchecked AI use by companies?...
5 min read
Aerial view of Earth from space showing the interconnection of lights between cities
Business economics Competitive markets Innovation & Technology

Comparative Advantage in the Digital Coordination Economy: How Specialisation Evolves as Transaction Costs Fall

Published on June 10, 2025

Graphic of a glowing human brain on top of a black computer chip connected to other parts
Competitive markets Information Failure Innovation & Technology

Comparative Advantage and Content Specialisation in the Age of Generative Search

Published on June 10, 2025

Virtual dataroom
Market Failure Price discrimination

Virtual Data Rooms as market institutions

Published on June 09, 2025

Warehouse storage
Market Failure operational-efficiency

Economic Effects of AI-Based Surveillance Technology in Warehousing Industry

Published on June 09, 2025

Landscape showing a hilly region with three wind turbines in the foreground
Information Failure Market Failure

Principal-Agent Theory and the Rise of ESG Reporting: Incentives, Institutions, and Regulation

Published on June 08, 2025

Customer loyalty programs often make regular customers eligible for free products after a certain amount of purchases.

The Economics of Loyalty: Points, Perks, and Predictable Behavior

Published on June 08, 2025

Remote workers are changing economic geography across the world by moving away from big cities.

Economic Geography and the Rise of Remote Work

Published on June 08, 2025

Consignment stores and online clothing resale sites are part of circular markets for used goods.

The Resale Economy: From Fast Fashion to Circular Markets

Published on June 08, 2025

University lecture hall with students
Human Capital

The Value of an MBA: A Comparison of Human Capital vs. Signalling

Published on June 08, 2025

Retirement Savings
small business Labour markets

Incentive Mechanism: Retirement Savings in the Small Business Labour Market

Published on June 08, 2025

Newer Posts
Page 16 of 199
Older Posts
AI logo and network powe

Beyond the Chips: Why Cables, Connectors and Power Networks Matter to AI Growth

Artificial intelligence is often presented as a race for faster processors and more capable software. Yet every large AI system also depends...
3 min read

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