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This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10011401020
In a novel real-effort setting, we experimentally study the effects of different communication media on creative performance in a collaborative tasks. We find that creative performance significantly decreases when group members communicate via chat instead of face-to-face. However, we find no...
Persistent link: https://www.econbiz.de/10012212370
capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …
Persistent link: https://www.econbiz.de/10010510592
stock through firm-sponsored training might lead to more innovation. We test this hypothesis using detailed data on firms …' human capital investments and innovation performance, the Canadian longitudinal linked employer-employee data from 1999 … training leads to more product and process innovation, with on-the-job training playing a role that is as important as …
Persistent link: https://www.econbiz.de/10010409776
Artificial Intelligence (AI) is a potentially powerful tool in the fight against the COVID- 19 pandemic. Since the outbreak of the pandemic, there has been a scramble to use AI. This article provides an early, and necessarily selective review, discussing the contribution of AI to the fight...
Persistent link: https://www.econbiz.de/10012199140
An increasingly influential "technological-discontinuity" paradigm suggests that IT-induced technological changes are rapidly raising productivity while making workers redundant. This paper explores the evidence for this view among the IT-using U.S. manufacturing industries. There is some...
Persistent link: https://www.econbiz.de/10010236437
various dimensions of upgrading - learning, quality upgrading, technology adoption, and product innovation. The second part …
Persistent link: https://www.econbiz.de/10012698696
In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...
Persistent link: https://www.econbiz.de/10011401108
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Persistent link: https://www.econbiz.de/10010516602