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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
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Managing the economy Information Failure

The Economic Challenges and Realities of Building Large-Scale Cities from Scratch

Published on November 07, 2024

A one billion dollar bill of Zimbabwean currency.
Managing the economy Market Failure

Understanding Zimbabwe’s Economic Collapse: Causes and Consequences

Published on November 06, 2024

Four empty shopping trolleys lined up.
Definitions Managing the economy

Consumption Function

Published on November 05, 2024

A world map composed of various currencies, symbolizing global finance and economic connections across nations.

The Effectiveness of Foreign Aid in Stimulating Economic Growth: A Critical Examination

Published on November 04, 2024

A person working on a laptop with data charts on the screen, alongside a smartphone on a wooden table.

Understanding DXPs: The Intersection of Economics, Technology, and Customer Experience

Published on November 03, 2024

A robotic arm in a futuristic, well-lit lab filled with shelves of organized equipment or items.

The Role of Digital Transformation in Driving Global Economic Recovery

Published on November 02, 2024

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The Economics of Brand Awareness: Key Metrics and Tools for Measuring Success

Published on November 01, 2024

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Definitions Behavioural economics

Expected Utility Theory

Published on October 31, 2024

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Behavioural economics Business economics Competitive markets Managing the economy Information Failure

Anonymity, Information Asymmetry, and State Capacity

Published on October 31, 2024

A row of vending machines with an elderly person using one of the machines.
Definitions Competitive markets

Substitutes Economics

Published on October 30, 2024

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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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