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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
Zero hours contracts
Labour markets

Zero hours contracts

Published on January 17, 2020

Trade unions and the labour market
Labour markets

Trade unions and the labour market

Published on January 17, 2020

Monopsony power and remedies
Labour markets

Monopsony power and remedies

Published on January 17, 2020

Monopsony
Labour markets

Monopsony

Published on January 17, 2020

Labour market discrimination
Labour markets

Labour market discrimination

Published on January 17, 2020

Wage differentials
Labour markets

Wage differentials

Published on January 17, 2020

Labour market failures
Labour markets

Labour market failures

Published on January 17, 2020

Economic rent and transfer earnings
Labour markets

Economic rent and transfer earnings

Published on January 17, 2020

Wages and employment
Labour markets

Wages and employment

Published on January 17, 2020

Supply of labour
Labour markets

Supply of labour

Published on January 17, 2020

Newer Posts
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Older Posts
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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