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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
Will AI-improved autopilot programs reduce the need for humans in airliner cockpits?

AI in the Workforce: Substitution, Complementarity, and Wage Pressures

Published on May 18, 2025

Many consumers are taking advantage of BNPL services to break up expensive payments into four or more installments.

How Buy Now, Pay Later Is Changing Household Finance

Published on May 18, 2025

Image of a beautiful cathedral in Spain.
Behavioural economics Competitive markets Business economics

How Purchasing Power Parity Explains the Boom in International Retirement Services

Published on May 15, 2025

Smartphone apps allow workers in the gig economy to quickly take on individual tasks for cash payment.

The Gig Economy and the Disintegration of the Traditional Labor Contract

Published on May 12, 2025

Can companies use powerful data analysis tools to figure out how much each of us is willing to pay?

Why Data Is the New Oil: Market Power in the Age of Information Capitalism

Published on May 12, 2025

Users may be able to pay free demo versions of video games, but have to pay to access all features.

From Freemium to Premium: The Economics of Free Products

Published on April 27, 2025

Today, many customers can use Buy Now, Pay Later (BNPL) services with zero interest due.

Buy Now, Pay Later and the New Consumer Debt Cycle

Published on April 27, 2025

Fast food restaurants with electronic menus have the ability to change prices rapidly, known as surge pricing.

Surge Pricing and the Ethics of Real-Time Markets

Published on April 19, 2025

Many young people dream of being able to make a living from posting digital content on social media.

The Creator Economy: Why Attention Is the New Currency

Published on April 19, 2025

By producing, distributing, advertising, selling, and servicing its own vehicles, most major automakers are vertically integrated.

How Vertical Integration Is Reshaping Consumer Markets

Published on April 19, 2025

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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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