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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
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Definitions Forex Trading

Yen Carry Trade

Published on December 02, 2024

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Definitions Business economics

Collective Bargaining Definition

Published on November 25, 2024

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Definitions Managing the economy

Expansionary Fiscal Stance

Published on November 24, 2024

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Definitions Business economics

Cheapening of Electronic Products

Published on November 22, 2024

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Definitions Managing the economy

Austrian School of Economics

Published on November 21, 2024

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Definitions Managing the economy

American National Debt

Published on November 20, 2024

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Definitions Factors of production

Non-Renewable Resources

Published on November 19, 2024

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Definitions Behavioural economics

Broken Window Fallacy

Published on November 18, 2024

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Definitions Business economics

Gross Wages vs. Net Wages

Published on November 14, 2024

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Definitions Global economics

What does Hysteresis do?

Published on November 08, 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?
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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