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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
Ostentation Definition
Definitions Behavioural economics

Ostentation Definition

Published on May 04, 2024

Dynamic Pricing Explained
Definitions Competitive markets

Dynamic Pricing Explained

Published on April 29, 2024

Robert Shiller and the Housing Market
Definitions Competitive markets

Robert Shiller and the Housing Market

Published on April 29, 2024

Stock Market Crash of 1987
Definitions Global economics Managing the economy

Stock Market Crash of 1987

Published on April 26, 2024

Understanding Shadow Price
Definitions Managing the economy

Understanding Shadow Price

Published on April 05, 2024

Human Development Index (HDI)
Definitions Managing the economy

Human Development Index (HDI)

Published on March 31, 2024

Labour Intensive
Definitions Business economics

Labour Intensive

Published on March 31, 2024

Ex-Ante Meaning
Definitions Business economics

Ex-Ante Meaning

Published on March 28, 2024

Consumer Durables
Definitions Business economics

Consumer Durables

Published on March 27, 2024

Complements Economics
Definitions Competitive markets

Complements Economics

Published on March 27, 2024

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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?
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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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