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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
The Economics of Outsourcing Customer Support

The Economics of Outsourcing Customer Support

Published on May 15, 2024

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Behavioural economics Business economics Competitive markets

How Friction Costs and Present Bias Drive the Economics of Junk Car Disposal

Published on May 15, 2024

A group of fi e women, 4 of whom are black sitting a conference table.
Behavioural economics Competitive markets Business economics

How Signaling and Reputation Economics Explain the Changing Landscape in DEI in Business

Published on May 15, 2024

Image of Bitcoin bar chart on a smartphone.
Behavioural economics Business economics Competitive markets

How Technology Diffusion and Democratization Are Reshaping Retail Trading in the Age of AI

Published on May 15, 2024

Positive Feedback Loop Examples
Definitions Behavioural economics

Positive Feedback Loop Examples

Published on May 12, 2024

What is the IMF?
Definitions Global economics

What is the IMF?

Published on May 12, 2024

Understanding Nudges
Definitions Behavioural economics

Understanding Nudges

Published on May 09, 2024

Two people at an open laptop, one of who is pointing at the screen while the other is touching the touchpad.
Behavioural economics Business economics Competitive markets

How Adverse Selection Distorts the SEO Industry: A Market for Lemons

Published on May 08, 2024

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Business economics Behavioural economics Competitive markets

How Overconfidence and the Dunning-Kruger Effect Create an Entire Economy of Illusion

Published on May 08, 2024

Market Structure
Definitions Competitive markets

Market Structure

Published on May 07, 2024

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Cityscape featuring a mix of historic and modern architecture, including a red brick building with a tower and clock amidst tall glass structures.

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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