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Gans, Joshua - National Bureau of Economic Research - 2022

Exploitation of disruptive technologies often requires resource deployment that creates conflict if there are divergent beliefs regarding the efficacy of a new technology. This arises when a visionary agent has more optimistic beliefs about a technological opportunity. Exploration in the form of...

Persistent link: https://www.econbiz.de/10013210119

Endogenous Innovation in the Theory of Growth

Grossman, Gene M. - 1993

This paper makes the case that purposive, profit-seeking investments in knowledge play a critical role in the long-run growth process. First, we review the implications of neoclassical growth theory and the more recent theories of 'endogenous growth'. Then we discuss the empirical evidence that...

Persistent link: https://www.econbiz.de/10012474415

Quality Ladders and Product Cycles

Grossman, Gene M. - 1989

We develop a two-country model of endogenous innovation and imitation in order to study the interactions between these … maximizing entrepreneurs. The steady-state equilibrium is characterized by constant aggregate rates of innovation and imitation …

Persistent link: https://www.econbiz.de/10012475836

Explaining Japan's Innovation and Trade : A model of Quality Competition and Dynamic Comparive Advantage

Grossman, Gene M. - 1989

In this paper, I develop a model of dynamic comparative advantage based on endogenous innovation. Firms in each of two … and scarcity of natural resources, will specialize relatively in industrial innovation and in the production of high … subsidies and trade policies on the long-run rates of innovation in trade partner countries and on the long-run pattern of trade …

Persistent link: https://www.econbiz.de/10012475843

Endogenous Product Cycles

Grossman, Gene M. - 1989

We construct a model of the product cycle featuring endogenous innovation and endogenous technology transfer …

Persistent link: https://www.econbiz.de/10012476141

Product Development and International Trade

Grossman, Gene M. - 1988

We develop a multi-country, dynamic general equilibrium model of product innovation and international trade to study …

Persistent link: https://www.econbiz.de/10012476492

Parallel Imports and Price Controls

Grossman, Gene M. - 2006

pharmaceuticals. We challenge this orthodox view and show, to the contrary, that the pace of innovation often is faster in a world …

Persistent link: https://www.econbiz.de/10012466242

A Synthetic Model of Disruption and Experimentation

Gans, Joshua - National Bureau of Economic Research - 2021

This paper examines how a firm's choice of the type of experiment impacts on its potential exploitation of new technological opportunities. It does so in the context of the failure of successful firms (or disruption) where the literature has informally suggested that firms undertake errors in...

Persistent link: https://www.econbiz.de/10012599381

The Turing Transformation : Artificial Intelligence, Intelligence Augmentation, and Skill Premiums

Agrawal, Ajay; Gans, Joshua; Goldfarb, Avi - National Bureau of Economic Research - 2023

We ask whether a technical objective of using human performance of tasks as a benchmark for AI performance will result in the negative outcomes highlighted in prior work in terms of jobs and inequality. Instead, we argue that task automation, especially when driven by AI advances, can enhance...

Persistent link: https://www.econbiz.de/10014421192

Internal Disagreement and Disruptive Technologies

Gans, Joshua - National Bureau of Economic Research - 2022

This paper models the adoption by established firms of technologies that are internally disruptive in that different parts of an organization stand to lose or gain from adoption. When agents disagree with a decision they impose costs on the firm. The paper shows that any resistance to change...

Persistent link: https://www.econbiz.de/10013210120