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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
Moral Hazard
Definitions Information Failure Behavioural economics

Moral Hazard

Published on January 28, 2020

Monopoly
Definitions

Monopoly

Published on January 28, 2020

Monetary policy committee
Definitions

Monetary policy committee

Published on January 28, 2020

Monetary policy
Definitions

Monetary policy

Published on January 28, 2020

Definition of Minimum Price
Definitions

Definition of Minimum Price

Published on January 28, 2020

Merit good
Definitions

Merit good

Published on January 28, 2020

Maximum price
Definitions

Maximum price

Published on January 28, 2020

Maximax and maximin
Definitions

Maximax and maximin

Published on January 28, 2020

Market failure
Definitions

Market failure

Published on January 28, 2020

Market
Definitions

Market

Published on January 28, 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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