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The Principle of Comparative Statics in Labor Markets: Analysing the Impact of AI on Employment

Artificial Intelligence (AI) is an external factor currently having a major impact on the labour market. People worry that it will swallow up many of the knowledge jobs created over the last 20 years. However, current evidence is unclear....
5 min read
The long tail
Definitions

The long tail

Published on January 29, 2020

Supply side policy
Definitions

Supply side policy

Published on January 29, 2020

Supply shock
Definitions

Supply shock

Published on January 29, 2020

Supply
Definitions

Supply

Published on January 29, 2020

Substitution Effect
Definitions

Substitution Effect

Published on January 29, 2020

Subsidy
Definitions Behavioural economics Business economics Competitive markets Factors of production Information Failure

Subsidy

Published on January 29, 2020

Specific taxes
Definitions

Specific taxes

Published on January 29, 2020

Specialisation
Definitions

Specialisation

Published on January 29, 2020

Social costs
Definitions

Social costs

Published on January 29, 2020

Social benefits
Definitions

Social benefits

Published on January 29, 2020

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Market Structures and Pricing Strategies: The Case of Amazon in Monopolistic Competition

Monopolistic competition is a market where sellers offer differentiated products with low barriers to entry. How has Amazon managed to stand out in this market? This article will evaluate the strategies they used....
4 min read

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