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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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Factors of production Managing the economy Labour markets Market Failure

Labor Market Polarization and the Rise of the Virtual AI Agent for Sales Calls: An Application of Routine-Biased Technological Change

Published on July 26, 2024

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Global economics

Global Economy Increasingly Decentralized Due to Cloud Based Commerce

Published on July 25, 2024

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Definitions Managing the economy

Homeowning Grows the Economy

Published on July 25, 2024

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Competitive markets Managing the economy Global economics

External Economies of Scale and the Istanbul Medical Tourism Cluster: How Industrial Clustering Drives Competitive Prices in Global Cosmetic Healthcare

Published on July 25, 2024

Pepe Crypto Gains Traction as Whales Accumulate

Pepe Crypto Gains Traction as Whales Accumulate

Published on July 25, 2024

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Definitions Behavioural economics

Loss Aversion Definition

Published on July 24, 2024

S&P 500 E-mini futures chart displaying price trends from August 2024 to June 2025, showing upward movement and buy/sell markers.

Microsoft Cuts Xbox Operations in Central Europe Amid Fourth Wave of Layoffs

Published on July 20, 2024

A row of charming stone cottages with manicured lawns and flower beds, set against a clear blue sky. The gravel driveway leads to the houses.

House Purchase Withdrawal: Legal, Financial, and Economic Implications Explained

Published on July 20, 2024

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Market Integration and the Future of Cross-Border Telecom in Europe

Published on July 20, 2024

The Economic Impact of Private Health Insurance on Indian Households

The Economic Impact of Private Health Insurance on Indian Households

Published on July 19, 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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