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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
The Fisher Effect
Definitions

The Fisher Effect

Published on November 02, 2022

The Principal-Agent Problem
Definitions

The Principal-Agent Problem

Published on October 31, 2022

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Definitions Managing the economy

Socialism Vs. Communism

Published on September 19, 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

What Is Demand-Pull Inflation?
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What Is Demand-Pull Inflation?

Published on May 05, 2022

The Marginal Utility Theory
Definitions

The Marginal Utility Theory

Published on April 21, 2022

Capitalism Vs. Socialism
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Capitalism Vs. Socialism

Published on March 31, 2022

How Rational Choice Theory Affect Marketing Budgets
Behavioural economics Definitions

How Rational Choice Theory Affect Marketing Budgets

Published on February 22, 2022

What Is Inelastic Demand?
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What Is Inelastic Demand?

Published on December 18, 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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