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Application Programming Interfaces (APIs) allow software on different devices and systems to talk to each other.

The Economics of API Ecosystems and Modular Innovation

Today, Application Programming Interfaces (APIs) and modular software development allow for widespread and rapid improvement of programs and apps. How has the macro economy changed by this recent shift toward interoperability and add-on upgrades in software?...
4 min read
Definition of Real National Income
Definitions

Definition of Real National Income

Published on January 29, 2020

Quasi-public goods
Definitions

Quasi-public goods

Published on January 29, 2020

Quantitative easing (QE)
Definitions

Quantitative easing (QE)

Published on January 29, 2020

Public goods
Definitions

Public goods

Published on January 29, 2020

Profit Maximisation
Definitions Business economics Competitive markets

Profit Maximisation

Published on January 29, 2020

Productivity gap
Definitions

Productivity gap

Published on January 29, 2020

Productivity
Definitions

Productivity

Published on January 29, 2020

Producer surplus
Definitions

Producer surplus

Published on January 29, 2020

Private cost
Definitions

Private cost

Published on January 29, 2020

Private benefit
Definitions

Private benefit

Published on January 29, 2020

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Content creators may seem independent and carefree, but almost all of them must heed the whims of large conglomerates.

Creator Economies and Monopsony Power

Many people aspire to be influencers and content creators for the shot at freedom and creativity while earning an income. But the market for content creators is far closer to a monopsony than many people realize. If you want to earn an income, only a handful of social media giants can offer it....
4 min read

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Digital art can bring users lots of utility, but will skilled creators continue making it for free?
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Platform Exit Barriers and the Economics of Lock-In
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