Jovanovic, Boyan; Rousseau, Peter L. - In: Journal of the European Economic Association 1 (2003) 2-3, pp. 419-428
The IPOs of the Electricity/Internal Combustion revolution created more lasting value than the IPOs of the IT revolution. Stock-market data point to two explanations for this. First, computer prices have been falling much faster than did those of electricity and internal combustion in the...