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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
Nominal wages
Definitions

Nominal wages

Published on January 29, 2020

Net welfare loss
Definitions

Net welfare loss

Published on January 29, 2020

Net welfare gain
Definitions

Net welfare gain

Published on January 29, 2020

National minimum wage
Definitions

National minimum wage

Published on January 29, 2020

Nash equilibrium
Definitions

Nash equilibrium

Published on January 29, 2020

NAIRU
Definitions

NAIRU

Published on January 29, 2020

Banking regulation
Business economics

Banking regulation

Published on January 29, 2020

The multiplier effect
Definitions Right Rail

The multiplier effect

Published on January 28, 2020

Movements and shifts in demand and supply curves
Definitions

Movements and shifts in demand and supply curves

Published on January 28, 2020

Moral Hazard
Definitions Information Failure Behavioural economics

Moral Hazard

Published on January 28, 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

Recent Post

Digital art can bring users lots of utility, but will skilled creators continue making it for free?
Scarcity by Design: Artificial Constraints in Digital Goods
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Platform Exit Barriers and the Economics of Lock-In
Platform Exit Barriers and the Economics of Lock-In
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Why do some streaming platforms offer no-cost channels or packages?
Zero-Price Goods and Cross-Subsidisation in Digital Markets
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