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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
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Business economics Behavioural economics Competitive markets Definitions Information Failure Managing the economy

Excess Capacity and Market Fragmentation: Why So Many Trading Platforms Exist

Published on June 28, 2024

Image of a computer screen displaying a program used for video editing.
Behavioural economics Business economics Competitive markets Factors of production Managing the economy Labour markets

Labor Market Polarization: AI and the Reshaping of the Video Editing Industry

Published on June 25, 2024

Washington Consensus Definition
Definitions Managing the economy

Washington Consensus Definition

Published on June 16, 2024

Regressive Taxes
Definitions Managing the economy

Regressive Taxes

Published on June 09, 2024

Neoliberal Meaning
Definitions Managing the economy

Neoliberal Meaning

Published on June 09, 2024

What is Monetarism?
Definitions Managing the economy

What is Monetarism?

Published on June 09, 2024

Marginal Propensity to Save (MPS)
Definitions Managing the economy

Marginal Propensity to Save (MPS)

Published on May 17, 2024

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Behavioural economics Competitive markets Managing the economy

How Optimal Taxation Theory Explains—and Challenges—the U.S. Exit Tax

Published on May 06, 2024

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Competitive markets Business economics Managing the economy

How VPNs Enhance Market Efficiency by Reducing Friction in Global Commerce

Published on May 01, 2024

Laptop with technology in the background, showing a candle chart on the main screen.
Behavioural economics Business economics Competitive markets Managing the economy

How Technological Diffusion and Democratization of Access Are Transforming Crypto Markets

Published on April 29, 2024

Newer Posts
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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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