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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
Trickle-Down Economics: Why It Only Works in Theory
Definitions Managing the economy

Trickle-Down Economics: Why It Only Works in Theory

Published on July 29, 2021

What is the Sunk Cost Fallacy?
Behavioural economics Definitions

What is the Sunk Cost Fallacy?

Published on July 29, 2021

What Is Laissez-Faire Economic Theory?
Competitive markets Business economics Definitions Managing the economy

What Is Laissez-Faire Economic Theory?

Published on June 30, 2021

Human Capital: What It Is and How It Impacts the Economy
Competitive markets Definitions Labour markets Managing the economy

Human Capital: What It Is and How It Impacts the Economy

Published on June 14, 2021

What Is Adverse Selection?
Competitive markets Business economics Definitions

What Is Adverse Selection?

Published on June 08, 2021

What Are Trade Barriers?
Competitive markets Definitions Global economics Managing the economy

What Are Trade Barriers?

Published on June 07, 2021

Factors of Production: Definitions, Examples and Importance
Market failures Definitions Business economics Factors of production

Factors of Production: Definitions, Examples and Importance

Published on June 07, 2021

Understanding consumer sovereignty
Competitive markets Behavioural economics Definitions Managing the economy

Understanding consumer sovereignty

Published on June 07, 2021

What Is a Duopoly?
Competitive markets Definitions Managing the economy

What Is a Duopoly?

Published on June 07, 2021

Understanding the laffer curve
Managing the economy Definitions Global economics

Understanding the laffer curve

Published on June 04, 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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