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Of Mice and Academics : Examining the Effect of Openness on Innovation

Murray, Fiona - 2009

Scientific freedom and openness are hallmarks of academia: relative to their counterparts in industry, academics maintain discretion over their research agenda and allow others to build on their discoveries. This paper examines the relationship between openness and freedom, building on recent...

Persistent link: https://www.econbiz.de/10012463828

Carbon Taxes, Path Dependency and Directed Technical Change : Evidence from the Auto Industry

Aghion, Philippe - 2012

innovation distinguishing between "dirty" (internal combustion engine) and "clean" (e.g. electric and hybrid) patents across 80 … tax-inclusive fuel prices. Furthermore, there is path dependence in the type of innovation both from aggregate spillovers … and from the firm's own innovation history. Using our model we simulate the increases in carbon taxes needed to allow …

Persistent link: https://www.econbiz.de/10012460065

Preparing for the (Non-Existent?) Future of Work

Korinek, Anton; Juelfs, Megan - National Bureau of Economic Research - 2022

This paper considers the labor market and distributional implications of a scenario of ever-more-intelligent autonomous machines that substitute for human labor and drive down wages. We lay out three concerns arising from such a scenario and evaluate recent predictions and objections to these...

Persistent link: https://www.econbiz.de/10013334391

Economic Growth under Transformative AI

Trammell, Philip; Korinek, Anton - National Bureau of Economic Research - 2023

Industrialized countries have long seen relatively stable growth in output per capita and a stable labor share. AI may be transformative, in the sense that it may break one or both of these stylized facts. This review outlines the ways this may happen by placing several strands of the literature...

Persistent link: https://www.econbiz.de/10014421241

Economic Policy Challenges for the Age of AI

Korinek, Anton - National Bureau of Economic Research - 2024

This paper examines the profound challenges that transformative advances in AI towards Artificial General Intelligence (AGI) will pose for economists and economic policymakers. I examine how the Age of AI will revolutionize the basic structure of our economies by diminishing the role of labor,...

Persistent link: https://www.econbiz.de/10015072921