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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
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

Socialism Vs. Communism
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?
Definitions

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
Definitions

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?
Definitions

What Is Inelastic Demand?

Published on December 18, 2021

Newer Posts
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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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