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Does Machine Translation Affect International Trade? Evidence from a Large Digital Platform
Brynjolfsson, Erik - 2018
Artificial intelligence (AI) is surpassing human performance in a growing number of domains. However, there is limited evidence of its economic effects. Using data from a digital platform, we study a key application of AI: machine translation. We find that the introduction of a machine...
Persistent link: https://www.econbiz.de/10012912525
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How to Talk When a Machine is Listening? : Corporate Disclosure in the Age of Ai
Cao, Sean; Jiang, Wei; Yang, Baozhong; Zhang, Alan L. - 2022
Growing AI readership, proxied by expected machine downloads, motivates firms to prepare filings that are friendlier to machine parsing and processing. Firms avoid words that are perceived as negative by computational algorithms, as compared to those deemed negative only by dictionaries meant...
Persistent link: https://www.econbiz.de/10013293707
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Blockchain Economics
Abadi, Joseph - 2018
When is record-keeping better arranged through a blockchain than through a traditional centralized intermediary? The … out a blockchain trilemma: no ledger can satisfy all three properties simultaneously. A centralized record-keeper extracts …
Persistent link: https://www.econbiz.de/10012906268
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Some Simple Economics of the Blockchain
Catalini, Christian - 2016
We build on economic theory to discuss how blockchain technology can shape innovation and competition in digital …
Persistent link: https://www.econbiz.de/10012977267
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Corporate Governance and Blockchains
Yermack, David - 2015
Blockchains represent a novel application of cryptography and information technology to ag-eold problems of financial record-keeping, and they may lead to far-reaching changes in corporate governance. Many major players in the financial industry have began to invest in this new technology, and...
Persistent link: https://www.econbiz.de/10013010282
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The Economic Limits of Bitcoin and the Blockchain
Budish, Eric B. - 2018
, these two equations imply that (3) the recurring, “flow”, payments to miners for running the blockchain must be large … versus stock) if both (i) the mining technology used to run the blockchain is both scarce and non-repurposable, and (ii) any … majority attack is a “sabotage” in that it causes a collapse in the economic value of the blockchain; however, reliance on non …
Persistent link: https://www.econbiz.de/10012916609
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The Output Contributions of Computer Equipment and Personnel : A Firm- Level Analysis
Lichtenberg, Frank R. - 2021
This paper examines the output contributions of capital and labor deployed in information systems (IS) at the firm level during the period 1988-91 throughout the business sector, using two different sources of data on these inputs. Our production function estimates suggest that there are...
Persistent link: https://www.econbiz.de/10013225934
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Does Voting Technology Affect Election Outcomes? Touch-Screen Voting and the 2004 Presidential Election
Card, David; Moretti, Enrico - 2021
Supporters of touch-screen voting claim it is a highly reliable voting technology, while a growing number of critics argue that paperless electronic voting systems are vulnerable to fraud. In this paper we use county-level data on voting technologies in the 2000 and 2004 presidential elections...
Persistent link: https://www.econbiz.de/10013226185
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The Real Effects of Modern Information Technologies : Evidence from the EDGAR Implementation
Goldstein, Itay; Yang, Shijie; Zuo, Luo - 2022
Using the implementation of the EDGAR system from 1993 to 1996 as a shock to information dissemination technologies, we examine the potential benefits and costs of modern information technologies on the real economy. On the one hand, we document that broader information dissemination leads to a...
Persistent link: https://www.econbiz.de/10013307856
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Aggregation of Consumer Ratings : An Application to Yelp.Com
Dai, Daisy - 2012
Because consumer reviews leverage the wisdom of the crowd, the way in which they are aggregated is a central decision faced by platforms. We explore this "rating aggregation problem" and offer a structural approach to solving it, allowing for (1) reviewers to vary in stringency and accuracy, (2)...
Persistent link: https://www.econbiz.de/10013097277