Discover how economists' assumptions shape economic models, affecting predictions about consumer behavior, resource ...

Decentralized finance (DeFi) has emerged as the flagship concept and use case for blockchain technology and cryptocurrency. DeFi is the use of smart contracts and other decentralized technologies to ...

Economic Model Predictive Control (EMPC) represents an evolution of traditional control strategies, where the primary objective is to directly optimise an economic cost function rather than merely ...

Agent-based modelling (ABM) has emerged as a pivotal tool in macroeconomics and economic policy analysis. By simulating the interactions of numerous heterogeneous agents — such as households, firms, ...

Digitalization is transforming everything, and as a part of this, the technology-driven economic model (TDEM) continues to evolve. You may have heard of this model as a technology-based economy model.

I n the epilogue of their blockbuster book Mostly Harmless Econometrics (2009), Josh Angrist and Steve Pischke write, “If applied econometrics were easy, theorists would do it.” As academic jokes go, ...

Is lockdown an effective response to a pandemic, or would it be better to let individuals spontaneously reduce their risk of infection? Research published today suggests these two highly-debated ...

As businesses return from 2025’s holiday trading season, new data has revealed that food waste continues to erode margins and is ...