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Digital Addiction
Allcott, Hunt; Gentzkow, Matthew Aaron; Song, Lena - National Bureau of Economic Research - 2021
Many have argued that digital technologies such as smartphones and social media are addictive. We develop an economic model of digital addiction and estimate it using a randomized experiment. Temporary incentives to reduce social media use have persistent effects, suggesting social media are...
Persistent link: https://www.econbiz.de/10012585420
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Access and Exposure to Local News Media in the Digital Era : Evidence from U.S. Media Markets
Bang, Minji; L'Heudé, Lucie; Postlewaite, Andrew; … - National Bureau of Economic Research - 2023
Using a new comprehensive survey of adults in large U.S. media markets we show that minority and low-skill individuals, who are heavily exposed to shocks to the local economy, typically have stronger preferences for and stronger ex- posure to local news than high-skill and white individuals. At...
Persistent link: https://www.econbiz.de/10014322823
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When Product Markets Become Collective Traps : The Case of Social Media
Bursztyn, Leonardo; Handel, Benjamin R.; Jiménez … - National Bureau of Economic Research - 2023
Individuals might experience negative utility from not consuming a popular product. For example, being inactive on social media can lead to social exclusion or not owning luxury brands can be associated with having a low social status. We show that, in the presence of such spillovers to...
Persistent link: https://www.econbiz.de/10014421196
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Waves of Creative Destruction : Customer Bases and the Dynamics of Innovation
Stein, Jeremy C. - 1994
This paper develops a model of repeated innovation with knowledge spillovers. The model's novel feature is that firms … compete on two dimensions: 1) product quality or cost, where one firm's innovation ultimately spills over to other firms; and … some circumstances dramatically reduce the long-run average level of innovation; 2) they lead to endogenous bunching, or …
Persistent link: https://www.econbiz.de/10012474137
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Customer Data Access and Fintech Entry : Early Evidence from Open Banking
Babina, Tania; Bahaj, Saleem; Buchak, Greg; De Marco, … - National Bureau of Economic Research - 2024
Open banking (OB) empowers bank customers to share transaction data with fintechs and other banks. 49 countries have adopted OB policies. Consumer trust in fintechs predicts OB policy adoption and adoption spurs investment in fintechs. UK microdata shows that OB enables: i) consumers to access...
Persistent link: https://www.econbiz.de/10014468288
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Kill Zone
Kamepalli, Sai Krishna - 2020
We study why high-priced acquisitions of entrants by an incumbent do not necessarily stimulate more innovation and …
Persistent link: https://www.econbiz.de/10012481729
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Dynamic Commercialization Strategies for Disruptive Technologies : Evidence from the Speech Recognition Industry
Marx, Matt - 2013
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/10012458899
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Threats to Central Bank Independence : High-Frequency Identification with Twitter
Bianchi, Francesco - 2019
This paper presents market-based evidence that President Trump influences expectations about monetary policy. We use tick-by-tick fed funds futures data and a collection of Trump tweets criticizing the conduct of monetary policy and consistently advocating that the Fed lower interest rates....
Persistent link: https://www.econbiz.de/10012480253
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The Production and Consumption of Social Media
Filippas, Apostolos; Horton, John J. - National Bureau of Economic Research - 2021
We model social media as collections of users producing and consuming content. Users value consuming content, but doing so uses up their scarce attention, and hence they prefer content produced by more able users. Users also value receiving attention, creating the incentive to attract an...
Persistent link: https://www.econbiz.de/10012510545
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Using Social Media to Identify the Effects of Congressional Partisanship on Asset Prices
Bianchi, Francesco; Kung, Howard; Cram, Roberto Gómez - National Bureau of Economic Research - 2021
We measure the individual and collective viewpoints of US Congress members on various economic policies by scraping their Twitter accounts. Tweets that criticize (support) a particular company are associated with a significant negative (positive) stock price reaction in a narrow time window...
Persistent link: https://www.econbiz.de/10012510628