{"product_id":"the-microeconomics-of-artificial-intelligence-joshua-gans-9780262553544","title":"The Microeconomics of Artificial Intelligence","description":"\u003cb\u003eA comprehensive treatment of the microeconomics associated with the adoption and use of artificial intelligence.\u003c\/b\u003e \u003cp\u003e\u003c\/p\u003eIt is well-recognized that recent advances in AI are exclusively advances in statistical techniques for prediction. While this may facilitate automation, this result is secondary to AI's impact on decision-making. From an economics perspective, predictions have their first-order impacts on the efficiency of decision-making. \u003cp\u003e\u003c\/p\u003eIn \u003ci\u003eThe Microeconomics of Artificial Intelligence\u003c\/i\u003e, Joshua Gans examines AI as prediction that enhances and perhaps enables decision-making, focusing on the impacts that arise within firms or industries rather than broad economy-wide impacts on employment and productivity. He analyzes what the supply and production characteristics of AI are and what the drivers of the demand for AI prediction are. Putting these together, he explores how supply and demand conditions lead to a price for predictions and how this price is shaped by market structure. Finally, from a microeconomics perspective, he explores the key policy trade-offs for antitrust, privacy, and other regulations.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Joshua Gans\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0262553546\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780262553544\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e MIT Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 12\/09\/2025\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 434\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover","brand":"Joshua Gans","offers":[{"title":"Hardcover","offer_id":47452506587391,"sku":"9780262553544","price":170.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_69479bc8-33ab-4c6b-90d2-99b34c0c8258.jpg?v=1761928833","url":"https:\/\/www.whiterainbookhouse.com\/products\/the-microeconomics-of-artificial-intelligence-joshua-gans-9780262553544","provider":"WR Book House","version":"1.0","type":"link"}