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Heterogeneity and the Dynamics of Technology Adoption

Ryan, Stephen - 2014

We estimate the demand for a videocalling technology in the presence of both network effects and heterogeneity. Using a unique dataset from a large multinational firm, we pose and estimate a fully dynamic model of technology adoption. We propose a novel identification strategy based on...

Persistent link: https://www.econbiz.de/10013067628

Prediction, Judgment and Complexity : A Theory of Decision Making and Artificial Intelligence

Agrawal, Ajay - 2018

We interpret recent developments in the field of artificial intelligence (AI) as improvements in prediction technology. In this paper, we explore the consequences of improved prediction in decision-making. To do so, we adapt existing models of decision-making under uncertainty to account for the...

Persistent link: https://www.econbiz.de/10012929013

Skill Biased Technological Change and Rising Wage Inequality : Some Problems and Puzzles

Card, David E.; DiNardo, John E. - 2021

The rise in wage inequality in the U.S. labor market during the 1980s is usually attributed to skill-biased technical change (SBTC), associated with the development of personal computers and related information technologies. We review the evidence in favor of this hypothesis, focusing on the...

Persistent link: https://www.econbiz.de/10013223052

Population Growth, Technological Adoption and Economic Outcomes : A Theory of Cross-Country Differences for the Information Era

Beaudry, Paul; Green, David A. - 2021

and a larger increase in the returns to education. We provide preliminary evidence in suport of the theory based on a …

Persistent link: https://www.econbiz.de/10013234366

Why are Process Monitoring Technologies Valuable? The Use of On-Board Information Technology in the Trucking Industry

Hubbard, Thomas N. - 2021

theory and relates them to how supply chains are organized …

Persistent link: https://www.econbiz.de/10013239158

Monetary Policy in the Information Economy

Woodford, Michael - 2021

-bank actions, and argues that the management of expectations will become even more important to effective monetary policy. The …

Persistent link: https://www.econbiz.de/10013240308

Importing Skill-Biased Technology

Burstein, Ariel T. - 2011

Capital equipment - such as computers and industrial machinery - embodies skill-biased technology, in the sense that it is complementary to skilled labor. Most countries import a large share of their capital equipment, and by doing so import skill-biased technology. In this paper we develop a...

Persistent link: https://www.econbiz.de/10013119969

Computers, Work Organization, and Wage Outcomes

Cappelli, Peter; Carter, William Harmon - 2021

We examine two factors frequently thought to be changing the U.S. workplace, high performance work practices and computer use, and their relationships with pay using a national probability sample of U.S. establishments. The analysis controls for both organizational and individual characteristics...

Persistent link: https://www.econbiz.de/10013230770

Organization and Inequality in a Knowledge Economy

Garicano, Luis; Rossi-Hansberg, Esteban - 2021

We present a theory of the organization of work in an economy where knowledge is an essential input in production: a … may produce on their own or in organizations. Our theory generates an assignment of workers to positions, a wage structure … referral markets. We use our theory to study the impact of information and communication technology, and contrast its …

Persistent link: https://www.econbiz.de/10013231868

Information Technology and the Future of Cities

Gaspar, Jess; Glaeser, Edward L. - 2021

Will improvements in information technology eliminate face-to- face interactions and make cities obsolete? In this paper, we present a model where individuals make contacts and choose whether to use electronic or face-to-face meetings in their interactions. Cities are modeled as a means of...

Persistent link: https://www.econbiz.de/10013212896