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Spillover Effects of Ip Protection in the Inter-War Aircraft Industry

Hanlon, William - 2019

Can granting IP protection to producers of one good affect the innovation rate in other related goods? To answer this question we exploit a unique policy experiment in the inter-war military aircraft industry. Airframe designs had little IP protection before 1926, but changes passed by Congress...

Persistent link: https://www.econbiz.de/10012858801

A Dynamic Analysis of the Market for Wide-Bodied Commercial Aircraft

Benkard, C. Lanier - 2021

This paper develops a multi-agent dynamic model of the commercial aircraft industry and then uses that model to analyze industry pricing, industry performance, and optimal industry policy. In the model, firms are differentiated in their products and cost structure, and entry, exit, prices, and...

Persistent link: https://www.econbiz.de/10013218087

Displaced Capital

Ramey, Valerie A.; Shapiro, Matthew D. - 2021

This paper studies the efficiency with which physical capital can be reallocated across sectors. It presents a model of a firm selling specialized capital in a thin resale market. The model predicts that the selling price depends not only on the sectoral specificity of capital, but also on the...

Persistent link: https://www.econbiz.de/10013220526

Learning and Forgetting : the Dynamics of Aircraft Production

Benkard, C. Lanier - 2021

This paper introduces a new cost dataset for a commercial aircraft firm and uses this data to analyze the dynamics of learning in commercial aircraft production. This dataset is found to be inconsistent with the simple learning hypothesis, and particularly the prediction that a firm's unit cost...

Persistent link: https://www.econbiz.de/10013222248

Do Industrial Relations Affect Plant Performance? : The Case of Commercial Aircraft Manufacturing

Kleiner, Morris M.; Leonard, Jonathan S.; Pilarski, Adam M. - 2021

This study analyzes the impact of major industrial relations variables on productivity within a plant that assembles large commercial aircraft. The analysis combines the deep firm- specific knowledge of management and labor typical of the best of traditional industrial relations with formal...

Persistent link: https://www.econbiz.de/10013235276

Two-Sided Learning, Labor Turnover and Displacement

Pfann, Gerard A.; Hamermesh, Daniel S. - 2021

We construct a general dynamic structural model of two-sided learning between a firm and its workers. We estimate an empirical version of the model using personnel data from Fokker Aircraft that cover the path of layoffs and quits through its bankruptcy. We find that the firm learns about its...

Persistent link: https://www.econbiz.de/10013248093

Airbus Versus Boeing Revisited : International Competition in the Aircraft Market

Irwin, Douglas A.; Pavcnik, Nina - 2021

This paper examines international competition in the commercial aircraft industry. We estimate a discrete choice, differentiated products demand system for wide-body aircraft and examine the Airbus-Boeing rivalry under various assumptions on firm conduct. We then use this structure to evaluate...

Persistent link: https://www.econbiz.de/10013246645

Computerizing Industries and Routinizing Jobs : Explaining Trends in Aggregate Productivity

Aum, Sangmin - 2018

Aggregate productivity growth in the U.S. has slowed down since the 2000s. We quantify the importance of differential productivity growth across occupations and across industries, and the rise of computers since the 1980s, for the productivity slowdown. Complementarity across occupations and...

Persistent link: https://www.econbiz.de/10012926403

Robots, Trade, and Luddism : A Sufficient Statistic Approach to Optimal Technology Regulation

Costinot, Arnaud - 2018

on robots and trade, the magnitude of these taxes may decrease as the process of automation and globalization deepens and …

Persistent link: https://www.econbiz.de/10012910297

Automation and New Tasks : How Technology Displaces and Reinstates Labor

Acemoglu, Daron - 2019

We present a framework for understanding the effects of automation and other types of technological changes on labor … allocation of tasks to capital and labor—the task content of production. Automation, which enables capital to replace labor in … a result, automation always reduces the labor share in value added and may reduce labor demand even as it raises …

Persistent link: https://www.econbiz.de/10012889965