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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
Inflationary Gap
Business economics Global economics Definitions Managing the economy

Inflationary Gap

Published on March 05, 2023

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Competitive markets Definitions Factors of production Market Failure Market failures Information Failure Behavioural economics

Allocative Efficiency

Published on March 05, 2023

Marginal Analysis
Definitions

Marginal Analysis

Published on January 28, 2023

Say's Law: An Overview
Definitions

Say's Law: An Overview

Published on January 24, 2023

Joint Supply
Behavioural economics Definitions Factors of production Business economics

Joint Supply

Published on January 24, 2023

Constant Returns to Scale
Definitions Factors of production Business economics

Constant Returns to Scale

Published on January 16, 2023

Image showing seasaw which is not in balance.
Definitions Behavioural economics Information Failure Market Failure Competitive markets

Asymmetric Information

Published on December 26, 2022

Increased UK Labor Force Embraces Digital in Navigating the Market
Definitions Labour markets

Increased UK Labor Force Embraces Digital in Navigating the Market

Published on December 01, 2022

What is Derived Demand?
Definitions Managing the economy

What is Derived Demand?

Published on November 11, 2022

Demographic Transition Model (DTM)
Definitions Global economics

Demographic Transition Model (DTM)

Published on November 08, 2022

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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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