The advent of quantum computation and quantum information theory and the ever increasing empirical possibilities of translating these theories into real physical systems has raised expectations in the private and public sectors. Quantum computers process information using the laws of quantum...

We examine business dynamics following a natural experiment: the staggered roll-out of a new technology, broadband internet, throughout Norway. The new technology led to a large, almost 25% increase in per-capita startup rates. Quality measures for these startups did not decline. In contrast, we...

We provide novel evidence on the importance of information technology (IT) in banking for entrepreneurship. We establish that job creation by young firms is stronger in US counties more exposed to IT-intensive banks. We present evidence consistent with banks' IT adoption facilitating...

I study the effects of information technology (IT) progress in a model where stock prices aggregate speculators' information and guide firms' investments. Speculators with limited attention acquire more information about firms with larger investment capacities. IT progress (i.e., lowering...

We provide evidence that enhanced corporate disclosure curbs CEO pay. Using a difference-in-differences design around the staggered implementation of SEC EDGAR system from 1993 to 1996, we find that CEO pay declines by approximately 7-10% following EDGAR implementation. The effect concentrates...

We extend a benchmark model in Farboodi and Veldkamp (American Economic Review, 2020, V110: 2485-2523.) to an analytically tractable setting with production functions. We find that the price elasticity of demand, known as an important determinant of firms' production decisions, also plays a...

A supercluster of economically useful and powerful new digital technologies (crypto, generative AI, AR/VR, IoT, et al.) have arrived all at once in the past decade. These technologies are disrupting economic organisation and institutions (e.g. money, contracting, administration, choice). The...

This paper examines the impact of intellectual property rights (IPRs) and import tariffs on access to Information Communications and Technology (ICT) products in Brazil. The country is seeking to become a leading innovation hub and improve the competitiveness of its domestic industry....