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The Diffusion of Disruptive Technologies
Bloom, Nicholas; Hassan, Tarek A.; Kalyani, Aakash; … - National Bureau of Economic Research - 2021
We identify novel technologies using textual analysis of patents, job postings, and earnings calls. Our approach enables us to identify and document the diffusion of 29 disruptive technologies across firms and labor markets in the U.S. Five stylized facts emerge from our data. First, the...
Persistent link: https://www.econbiz.de/10012599289
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Internal Disagreement and Disruptive Technologies
Gans, Joshua - National Bureau of Economic Research - 2022
This paper models the adoption by established firms of technologies that are internally disruptive in that different parts of an organization stand to lose or gain from adoption. When agents disagree with a decision they impose costs on the firm. The paper shows that any resistance to change...
Persistent link: https://www.econbiz.de/10013210120
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Cascades in Networks and Aggregate Volatility
Acemoglu, Daron - 2010
financial institutions. Focusing on a multi sector economy linked through a supply network, we show how structural properties of … the supply network determine both whether aggregate volatility disappears as the number of sectors increases (i … aggregate output from its mean) to sector-specific volatility and to the structural properties of the supply network …
Persistent link: https://www.econbiz.de/10012462141
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A Theory of Visionary Disruption
Gans, Joshua - National Bureau of Economic Research - 2022
Exploitation of disruptive technologies often requires resource deployment that creates conflict if there are divergent beliefs regarding the efficacy of a new technology. This arises when a visionary agent has more optimistic beliefs about a technological opportunity. Exploration in the form of...
Persistent link: https://www.econbiz.de/10013210119
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Disruption and Credit Markets
Becker, Bo; Ivashina, Victoria - National Bureau of Economic Research - 2022
We show that over the past half century innovative disruptions were central to understanding corporate defaults. In a given year, industries experiencing abnormally high VC or IPO activity subsequently see higher default rates, higher segment exits by conglomerates, and higher yields on bonds...
Persistent link: https://www.econbiz.de/10013172189
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Patent Value and Citations : Creative Destruction or Strategic Disruption?
Abrams, David S. - 2013
innovation literature. Using an NPE-derived dataset with patent-specific revenues we find that the relationship of citations to … behind it. We attempt to explain this relationship with a simple model of innovation, allowing for both productive and … findings have important implications for our basic understanding of growth, innovation, and intellectual property policy …
Persistent link: https://www.econbiz.de/10012128360
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Obsolescence Rents : Teamsters, Truckers, and Impending Innovations
Cavounidis, Costas; Chai, Qingyuan; Lang, Kevin; … - National Bureau of Economic Research - 2023
We consider large, permanent shocks to individual occupations whose arrival date is uncertain. We are motivated by the advent of self-driving trucks, which will dramatically reduce demand for truck drivers. Using a bare-bones overlapping generations model, we examine an occupation facing...
Persistent link: https://www.econbiz.de/10014372500
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Patent Pools and the Direction of Innovation - Evidence from the 19th-century Sewing Machine Industry
Lampe, Ryan L. - 2011
that pools encourage innovation in pool technologies, albeit at the cost of innovation in substitutes. Empirical evidence … innovations by new firms for a historical pool in the sewing machine industry (1856-1877) to examine effects on innovation …. Contrary to theoretical predictions, this analysis suggests that pools may discourage innovation in pool technologies and shift …
Persistent link: https://www.econbiz.de/10012461085
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Interfirm Relationships and Business Performance
Cai, Jing - 2016
We organized business associations for the owner-managers of randomly selected young Chinese firms to study the effect of business networks on firm performance. We randomized 2,800 firms into small groups whose managers held monthly meetings for one year, and into a "no- meetings" control group....
Persistent link: https://www.econbiz.de/10012455729
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Production Networks, Geography and Firm Performance
Bernard, Andrew B. - 2015
network in firm performance. We develop a simple model where firms can outsource tasks and search for suppliers in different …
Persistent link: https://www.econbiz.de/10012457584