Economics Online

Thinking about jumping into the gig economy to enjoy the flexibility of only working when you want to? Economically speaking, you should be aware of the monopsony characteristics of gig platforms!

Large tech oligopolists have a market advantage through their ability to create digital bundles of products and engage in platform envelopment of competitors' substitutes. What are the economic implications of this practice?

Today, open source code is available to Internet users who can incorporate it into their own software. How is the market for software affected by the availability of open source code, and what are the societal welfare implications?

Legal services play a vital role in resolving disputes, ensuring compliance, and safeguarding rights. However, one of the main obstacles to people and businesses using legal services is the cost associated with them. Barriers to access include the fee structure, the complexity of a given case, regulatory requirements, and the

Divorce typically has a large financial impact on the majority of households. When couples separate, one household becomes two, and they must pay for housing, legal fees, and the division of long-term assets such as pensions and businesses. As a result, the overall financial position of both people can continue

Thirty years ago, you had to buy entirely new software when your current program became obsolete. Today, you can download an extension, patch, or upgrade. Thanks to APIs, application programming interfaces, these "modular" additions to software can come from virtually anywhere.

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?

Borrowing money without putting up a home, a car, or any other asset as security is a pretty normal part of personal finance these days. In Norway, this kind of borrowing goes by the name forbrukslån.no — consumer loans. Unlike a mortgage, there's no property backing the loan

In today's modern society, firms use tremendous volumes of data to determine their best strategies for production (reduce costs) and marketing (boost revenue). What are the economic variables in the market for information?

When you go online, your attention is highly coveted by advertisers. There are attention markets where firms pay considerable sums to capture consumers' attention for ads. What are the economic implications of these markets?

The $11.57 billion acquisition of Globalstar was more than just an expansion deal for Amazon — it was part of a broader investment strategy where satellite communications, cloud computing, and AI infrastructure converge into a single ecosystem. As the major stock heatmap player prepares to launch its own satellite internet

The memory segment is a key driver of transformation within the semiconductor industry and is being propelled by capital expenditure as a result of the continued artificial intelligence (AI) boom. SK Hynix, which is planning to issue depositary receipts in American markets, is using this upcoming IPO to fund a

Economists, business leaders, and labor organizations anxiously await the results of the burgeoning AI revolution on white collar workers. Will workers be automated and replaced by AI, or use AI to increase their own productivity?

The dozens of apps on your phone can communicate with each other thanks to Application Programming Interfaces (APIs), which revolutionized software beginning in the year 2000. What are the economic ramifications of modularized production, where add-ons and expansions abound?

AI can be great, but "AI hallucinations" are frequent when AI software attempts to plug in data holes with information that it creates. This can include "ghost citations" of false sources of information. What will firms do to limit the dangers of AI error?

Streaming entertainment services seemed like a great deal a decade ago. Now, rising costs have reduced consumers' utility significantly. How can streaming firms fight subscription fatigue and keep longtime customers from canceling due to price hikes?

Logistics operations consist of numerous components operating simultaneously. All aspects of transportation, dispatching, warehousing, and delivery must operate in tandem. Any inefficiencies will only serve to increase operational costs rapidly. Technology within logistics is pivotal in controlling these costs by automating tasks, analysing data, and improving coordination across delivery networks.

Your finance department uses one application; your sales department uses another; and your operations team works in a third. However, somewhere between these three departments, someone is repeatedly entering numbers into a spreadsheet, hoping they don’t transpose a digit. That hope costs more than you think. You can understand

Companies are often willing to pay for data that can help them operate more efficiently and/or boost revenue through improved marketing. What are the economic implications and challenges of information markets?

The rapid rise of the smartphone, social media, and streaming entertainment have created more competition for our attention than ever before. Who wants our attention, and why? Are there any potential economic harms to our attentions being so divided among productivity and entertainment?