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The Billion Prices Project : Using Online Prices for Measurement and Research
Cavallo, Alberto - 2016
New data-gathering techniques, often referred to as “Big Data” have the potential to improve statistics and empirical research in economics. In this paper we describe our work with online data at the Billion Prices Project at MIT and discuss key lessons for both inflation measurement and...
Persistent link: https://www.econbiz.de/10012995985
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Combining Family History and Machine Learning to Link Historical Records
Price, Joseph - 2019
A key challenge for research on many questions in the social sciences is that it is difficult to link historical records in a way that allows investigators to observe people at different points in their life or across generations. In this paper, we develop a new approach that relies on millions...
Persistent link: https://www.econbiz.de/10012863272
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Technology and Big Data are Changing Economics : Mining Text to Track Methods
Currie, Janet; Kleven, Henrik; Zwiers, Esmée - 2021
The last 40 years have seen huge innovations in computing technology and data availability. Data derived from millions of administrative records or by using (as we do) new methods of data generation such as text mining are now common. New data often requires new methods, which in turn can...
Persistent link: https://www.econbiz.de/10013309882
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The Impact of Big Data on Firm Performance : An Empirical Investigation
Bajari, Patrick - 2018
In academic and policy circles, there has been considerable interest in the impact of “big data” on firm performance. We examine the question of how the amount of data impacts the accuracy of Machine Learned models of weekly retail product forecasts using a proprietary data set obtained from...
Persistent link: https://www.econbiz.de/10012927020
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Big Data and Firm Dynamics
Farboodi, Maryam - 2019
We study a model where firms accumulate data as a valuable intangible asset. Data accumulation affects firms' dynamics. It increases the skewness of the firm size distribution as large firms generate more data and invest more in active experimentation. On the other hand, small data- savvy firms...
Persistent link: https://www.econbiz.de/10012893591
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Dynamic Commercialization Strategies for Disruptive Technologies : Evidence from the Speech Recognition Industry
Marx, Matt - 2015
When startup innovation involves a potentially disruptive technology - initially lagging in the predominant performance … commercialization with the startup. While the prevailing theory of disruptive innovation suggests that this will lead to (exclusively …
Persistent link: https://www.econbiz.de/10013034526
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Enabling Entrepreneurial Choice
Agrawal, Ajay K.; Gans, Joshua S.; Stern, Scott - 2022
Entrepreneurs must choose between alternative strategies for bringing their idea to market. They face uncertainty regarding both the quality of their idea as well as the efficacy of each strategy. While entrepreneurs can reduce this uncertainty by conducting tests, any single test conflates the...
Persistent link: https://www.econbiz.de/10013291843
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Growth Through Heterogeneous Innovations
Akcigit, Ufuk - 2014
framework that contains multiple innovation sizes, multi-product firms, and entry/exit. Firms invest in exploration R&D to … regularities regarding innovation and growth differences across the firm size distribution. We also incorporate patent citations …
Persistent link: https://www.econbiz.de/10013069065
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How Does Information Technology Really Affect Productivity? Plant-Level Comparisons of Product Innovation, Process Improvement and Worker Skills
Bartel, Ann P.; Ichniowski, Casey; Shaw, Kathryn L. - 2021
technology (IT) and productivity by investigating several plant-level mechanisms through which IT could promote productivity … manufacturing - to study the effects of new IT on product innovation, production process improvements, employee skills and work … estimation of longitudinal models eliminate many sources of unmeasured heterogeneity that could confound productivity comparisons …
Persistent link: https://www.econbiz.de/10013244133
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Permission to Exist
Byford, Martin C. - 2014
We provide a new model that generates persistent performance differences amongst seemingly similar enterprises. Our model provides a mechanism whereby efficient incumbent rivals can give permission for an inefficient firm to exist in the presence of efficient entrants. We demonstrate that, in a...
Persistent link: https://www.econbiz.de/10013047026