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Today, thanks to Application Programming Interfaces (APIs), diverse software can communicate with each other.

API Economies and the Modularization of Production

The dozens of apps on your phone can communicate with each other thanks to Application Programming Interfaces (APIs), which revolutionized software beginning in the year 2000. What are the economic ramifications of modularized production, where add-ons and expansions abound?...
4 min read
AI can work much faster than human employees, but rates of AI hallucinations and other errors remain significant.

The Economics of AI Hallucinations and Error Costs

Published on April 11, 2026

As streaming subscription costs continue to rise, many customers are experiencing "subscription fatigue" and logging off.

Subscription Fatigue and Consumer Optimization in Digital Markets

Published on April 06, 2026

https://www.economicsonline.co.uk/definitions/asymmetric-information.html/

How Transaction Cost Economics Explains How Logistics Technology Reduces Operational Costs

Published on April 02, 2026

Open-plan office with rows of desks, computers, and employees working in a modern corporate workspace.

Transaction Cost Economics and the Hidden Cost of Disconnected Business Systems

Published on March 30, 2026

Firms are often willing to pay for data that can help them boost revenue or streamline operations.

Data Pricing and the Economics of Information Markets

Published on March 30, 2026

It seems like everyone is glued to their phones these days...probably because app creators know how to make their sites addictive!

Attention Markets and the Allocation of Cognitive Scarcity

Published on March 30, 2026

Stacks of documents secured with large black binder clips are arranged on a desk, with a blurred keyboard and calculator in the background.

Transaction Cost Economics and Why Businesses File Dormant Company Accounts

Published on March 29, 2026

Will expensive and highly bureaucratic asset record keeping by government agencies, such as titles and deeds, move to blockchains?

The Economics of Trustless Systems and Blockchain Governance

Published on March 27, 2026

Can online companies simply relocate their headquarters to enjoy lower taxes and regulations?

Regulatory Arbitrage in Cross-Border Digital Services

Published on March 20, 2026

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

Published on March 19, 2026

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AI can work much faster than human employees, but rates of AI hallucinations and other errors remain significant.

The Economics of AI Hallucinations and Error Costs

AI can be great, but "AI hallucinations" are frequent when AI software attempts to plug in data holes with information that it creates. This can include "ghost citations" of false sources of information. What will firms do to limit the dangers of AI error?...
4 min read

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What Is the Economic Impact of Divorce on Households?
May 18, 2026
Thanks to APIs, many programmers can create add-ons and extensions to existing software.
API Economies and the Modularization of Production
May 18, 2026

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