Showing 1 - 10 of 220
In the wake of the COVID-19 pandemic, the financial and legal system will need to deal with a surge of financial distress in the business sector. Some firms will be able to survive, while others will face bankruptcy and thus need to be liquidated or reorganized. Many surviving firms will need to...
Persistent link: https://www.econbiz.de/10013233034
This paper examines whether there are complementarities between investments in ICT, R&D and organizational innovation, and the effects of different investment profiles on total factor productivity growth on Dutch firm-level data. We estimate an integrated model of investment profile adoption and...
Persistent link: https://www.econbiz.de/10012911090
Explaining patterns of asset ownership in the economy is a central goal of both organizational economics and industrial organization. We develop a model of asset ownership in trucking, which we test by examining how the adoption of different classes of on-board computers (OBCs) between 1987 and...
Persistent link: https://www.econbiz.de/10013229108
This paper estimates the impact of technology sophistication pre-COVID-19 on the performance of firms during the early … mediation framework to decompose the results into a direct and an indirect effect. Increasing pre-pandemic technology … estimates of the reduction in sales for firms with more sophisticated pre-pandemic technology. Our results are robust to …
Persistent link: https://www.econbiz.de/10013307899
technology was a major part of the government response. The U.S. Office of Scientific Research and Development (OSRD) led a major … model as a template for other crisis responses, but in broad terms. In this paper we describe in detail how it worked. We do … so first through an overview of how OSRD approached several questions that may confront any government-led crisis …
Persistent link: https://www.econbiz.de/10013294699
Income inequalities have increased in most OECD countries over the past decades; particularly the income share of the top 1%. In this paper we argue that the growing importance of digital innovation – new products and processes based on software code and data – has increased market rents,...
Persistent link: https://www.econbiz.de/10012944156
is implemented as an industry standard, there is a potential for "collusion through technology." …
Persistent link: https://www.econbiz.de/10013252333
Globally, an estimated 734 million jobs will be required between 2010 and 2030 to accommodate recent and ongoing demographic shifts, account for plausible changes in labour force participation rates, and achieve target unemployment rates of at or below 4 percent for adults and at or below 8...
Persistent link: https://www.econbiz.de/10012914276
We study why acquisitions of entrant firms by an incumbent can deter innovation and entry in the digital platform industry, where there are strong network externalities and some customers face switching costs. A high probability of an acquisition induces some potential early adopters to wait for...
Persistent link: https://www.econbiz.de/10013298326
Capital equipment - such as computers and industrial machinery - embodies skill-biased technology, in the sense that it … skill-biased technology. In this paper we develop a tractable quantitative model of international trade in capital goods to …
Persistent link: https://www.econbiz.de/10013119969