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Digital Rights Management and the Pricing of Digital Products
Park, Yooki - 2008
As it becomes cheaper to copy and share digital content, vendors are turning to technical protections such as encryption. We argue that if protection is nevertheless imperfect, this transition will generally lower the prices of content relative to perfect legal enforcement. However, the effect...
Persistent link: https://www.econbiz.de/10012727035
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Young, Restless and Creative : Openness to Disruption and Creative Innovations
Acemoglu, Daron - 2015
This paper argues that openness to new, unconventional and disruptive ideas has a first-order impact on creative innovations-innovations that break new ground in terms of knowledge creation. After presenting a motivating model focusing on the choice between incremental and radical innovation,...
Persistent link: https://www.econbiz.de/10013034169
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The Impact of Plant-Level Resource Reallocations and Technical Progress on U.S. Macroeconomic Growth
Petrin, Amil - 2011
We build up from the plant level an "aggregate(d)" Solow residual by estimating every U.S. manufacturing plant's contribution to the change in aggregate final demand between 1976 and 1996. Our framework uses the Petrin and Levinsohn (2010) definition of aggregate productivity growth, which...
Persistent link: https://www.econbiz.de/10013131308
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The Origins of Technology-Skill Complementarity
Goldin, Claudia; Katz, Lawrence F. - 2010
Current concern with relationships among particular technologies, capital, and the wage structure motivates this study of the origins of technology-skill complementarity in manufacturing. We offer evidence of the existence of technology-skill and capital-skill (relative) complementarities from...
Persistent link: https://www.econbiz.de/10013134928
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Technical Change, Learning, and Wages
Bartel, Ann P. - 2010
This paper examines the relationship between technological change and wages using pooled cross-sectional industry-level data and several alternative indicators of the rate of introduction of new technology. Our main finding is that industries with a high rate of technical change pay higher wages...
Persistent link: https://www.econbiz.de/10013134931
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Specialization, Transactions Technologies, and Money Growth
Cole, Harold L. - 2010
With some models of money and a representative-agent there is no reason for monetary trade because identical individuals can consume their own production. Lucas proposed a parable involving differentiated products in a cash-in-advance model to avoid this problem. This paper studies Lucas?s...
Persistent link: https://www.econbiz.de/10013135156
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Sustainability and the Measurement of Wealth
Arrow, Kenneth J. - 2010
We develop a consistent and comprehensive theoretical framework for assessing whether economic growth is compatible with sustaining well-being over time. The framework focuses on whether a comprehensive measure of wealth - one that accounts for natural capital and human capital as well as...
Persistent link: https://www.econbiz.de/10013135234
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Productivity Growth and the Regional Dynamics of Antebellum Southern Development
Olmstead, Alan L. - 2010
Between 1800 and 1860, the United States became the preeminent world supplier of cotton as output increased sixty-fold. Technological changes, including the introduction of improved cotton varieties, contributed significantly to this growth. Measured output per worker in the cotton sector rose...
Persistent link: https://www.econbiz.de/10013136562
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Globalization, Technology, and the Skill Premium : A Quantitative Analysis
Burstein, Ariel T. - 2010
We construct a model of international trade and multinational production (MP) to examine the impact of globalization on the skill premium in skill-abundant and skill-scarce countries. The key mechanisms in our framework arise from the interaction between three elements: cross-country differences...
Persistent link: https://www.econbiz.de/10013137021
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Long-Term Barriers to the International Diffusion of Innovations
Spolaore, Enrico - 2012
-term historical relatedness between human populations. Historical relatedness is measured using genetic distance, a measure of the … time since two populations' last common ancestors. We find that the measure of human relatedness that is relevant to … frontier distance"). This evidence is consistent with long-term historical relatedness acting as a barrier to technology …
Persistent link: https://www.econbiz.de/10013114316