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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
Definitions

University Clearing 2019

Published on February 04, 2020

Definitions

Gender_pay_gap

Published on February 04, 2020

List
Definitions

List

Published on February 04, 2020

Measure_of_economic_welfare
Definitions

Measure_of_economic_welfare

Published on February 04, 2020

Quota
Definitions

Quota

Published on February 04, 2020

Economics – schools of thought
Definitions

Economics – schools of thought

Published on January 29, 2020

Income elasticity of demand (YED)
Definitions

Income elasticity of demand (YED)

Published on January 29, 2020

What is Cross Elasticity of Demand?
Definitions

What is Cross Elasticity of Demand?

Published on January 29, 2020

Withdrawals
Definitions

Withdrawals

Published on January 29, 2020

Wealth effect
Definitions

Wealth effect

Published on January 29, 2020

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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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