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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
Command Economy
Managing the economy Definitions

Command Economy

Published on September 24, 2021

Complementary Goods Defined
Definitions Business economics

Complementary Goods Defined

Published on September 24, 2021

The Lorenz Curve
Definitions Managing the economy Behavioural economics Business economics

The Lorenz Curve

Published on September 24, 2021

Defining Capital Goods
Definitions

Defining Capital Goods

Published on September 24, 2021

What Is Deadweight Loss?
Definitions

What Is Deadweight Loss?

Published on September 24, 2021

Reserve Ratio and Money Multiplier
Definitions

Reserve Ratio and Money Multiplier

Published on September 24, 2021

What Is An Economic Stimulus Package?
Managing the economy Definitions

What Is An Economic Stimulus Package?

Published on August 26, 2021

What Is Keynesian Economic Theory?
Managing the economy Definitions Global economics

What Is Keynesian Economic Theory?

Published on August 26, 2021

What Does Ceteris Paribus Mean?
Definitions

What Does Ceteris Paribus Mean?

Published on August 26, 2021

What Is the Malthusian Theory of Population?
Managing the economy Behavioural economics Definitions

What Is the Malthusian Theory of Population?

Published on July 29, 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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