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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
Indifference curves - prices and demand
Competitive markets

Indifference curves - prices and demand

Published on January 29, 2020

Index numbers
Competitive markets

Index numbers

Published on January 29, 2020

House prices
Competitive markets

House prices

Published on January 29, 2020

Subsidy
Definitions Behavioural economics Business economics Competitive markets Factors of production Information Failure

Subsidy

Published on January 29, 2020

Profit Maximisation
Definitions Business economics Competitive markets

Profit Maximisation

Published on January 29, 2020

Pigouvian Tax
Definitions Behavioural economics Business economics Competitive markets Global economics Information Failure

Pigouvian Tax

Published on January 29, 2020

Micro-economics
Competitive markets

Micro-economics

Published on January 15, 2020

Micro-economics
Competitive markets

Micro-economics

Published on January 14, 2020

Price elasticity of demand
Competitive markets

Price elasticity of demand

Published on January 14, 2020

Elasticity
Competitive markets

Elasticity

Published on January 14, 2020

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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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