Institutions, Holdup and Automation

This paper documents a positive relationship between labor-friendly institutions and investment in industrial robots in a sample of advanced economies. Institutions explain a substantial proportion of cross-country variation in automation. The relationship between institutions and robots is stronger in sunk cost-intensive industries, where producers are more vulnerable to holdup. This suggests that automation is used by producers as a tool to thwart rent appropriation by labor

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Year of publication:	2019
Authors:	Presidente, Giorgio
Publisher:	[2019]: [S.l.] : SSRN
Subject:	Automatisierung \| Automation \| Investitionsentscheidung \| Investment decision \| Roboter \| Robot \| Industrie \| Manufacturing industries \| Entwicklungsländer \| Developing countries \| Industrieländer \| Industrialized countries \| Vergleich \| Comparison \| Theorie \| Theory

Extent:	1 Online-Ressource (45 p)
Series:	CESifo Working Paper ; No. 7834
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2019 erstellt
Other identifiers:	10.2139/ssrn.3467967 [DOI]
Classification:	O33 - Technological Change: Choices and Consequences; Diffusion Processes ; O43 - Institutions and Growth ; O57 - Comparative Studies of Countries ; J50 - Labor-Management Relations, Trade Unions, and Collective Bargaining. General
Source:	ECONIS - Online Catalogue of the ZBW

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