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Firms will soon be using AI modeling to determine their optimal level of output and pricing.

Algorithmic Collusion Without Communication

Tomorrow, will the stores you frequent be using AI modeling to set their pricing and production figures? AI models are doing that right now, and may come to engage in "collusion" by independently concluding that higher prices and lower output leads to greater profits....
4 min read
Microsoft and Google are at war on AI. Who will Prevail?
Business economics Competitive markets

Microsoft and Google are at war on AI. Who will Prevail?

Published on October 21, 2022

Economics of Outsourcing: Offshore Development Centers
Definitions Business economics

Economics of Outsourcing: Offshore Development Centers

Published on June 23, 2022

Solow Growth Model
Definitions Business economics

Explaining the Solow Model of Economic Growth

Published on May 18, 2022

5 Top Challenges Facing the Finance Industry in 2023
Business economics Competitive markets

5 Top Challenges Facing the Finance Industry in 2023

Published on February 28, 2022

Complementary Goods Defined
Definitions Business economics

Complementary Goods Defined

Published on September 24, 2021

The Lorenz Curve
Definitions Managing the economy Behavioural economics Business economics

The Lorenz Curve

Published on September 24, 2021

Stagflation Simplified
Business economics Managing the economy

Stagflation Simplified

Published on August 26, 2021

What Is Laissez-Faire Economic Theory?
Competitive markets Business economics Definitions Managing the economy

What Is Laissez-Faire Economic Theory?

Published on June 30, 2021

What Is Adverse Selection?
Competitive markets Business economics Definitions

What Is Adverse Selection?

Published on June 08, 2021

Factors of Production: Definitions, Examples and Importance
Market failures Definitions Business economics Factors of production

Factors of Production: Definitions, Examples and Importance

Published on June 07, 2021

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Cityscape featuring a mix of historic and modern architecture, including a red brick building with a tower and clock amidst tall glass structures.

Shifts in the UK economy are changing attitudes to investment risk

The United Kingdom is a nation of savers, with an exceptionally low risk appetite when it comes to investing. Could a brightening economic o...
4 min read

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