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AI can work much faster than human employees, but rates of AI hallucinations and other errors remain significant.

The Economics of AI Hallucinations and Error Costs

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?...
4 min read
We all have the same 24 hours in a day, meaning our attention is a valuable asset to advertisers!

Attention Markets and the Economics of Time Scarcity

Published on January 18, 2026

When you purchase a new digital product, does your usage data from your old product transfer seamlessly to the new one?

Data Portability and Competition Policy in Digital Markets

Published on January 17, 2026

The Covid pandemic created the remote work revolution and allowed urban workers to take their city wages to the suburbs.

Remote Work and the Geography of Wages

Published on January 17, 2026

A smartphone displaying a financial chart under a magnifying glass, with "SELL" and "BUY" buttons and an upward trend arrow.

Day Trading Platforms for Beginners in 2026: An Economic Comparison

Published on January 16, 2026

Today, firms use massive sets of data just as they would any other factor of production.

Data as Capital: Rethinking the Factors of Production

Published on January 16, 2026

If AI software scans you and decides you want the product more than average, should it be able to charge you more money?

AI Price Discrimination and the End of the “Uniform Price”

Published on January 15, 2026

Today, the labor market is undergoing yet another evolution thanks to both applicants and hiring managers using AI.

Algorithmic Hiring and the New Labor Market Matching Function

Published on January 09, 2026

Digital Payments and the Vanishing Role of Cash

Digital Payments and the Vanishing Role of Cash

Published on January 09, 2026

Can customer reviews on Google, Amazon, Walmart, Target, and other sites replace the need for some government regulations?

Platform Ratings as Informal Regulation

Published on January 09, 2026

Today, most consumers get their digital entertainment through monthly subscriptions.  Will this model last?

Subscription Economies and the Rebundling of Consumer Demand

Published on January 06, 2026

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As streaming subscription costs continue to rise, many customers are experiencing "subscription fatigue" and logging off.

Subscription Fatigue and Consumer Optimization in Digital Markets

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?...
4 min read

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