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commercialization with the startup. While the prevailing theory of disruptive innovation suggests that this will lead to (exclusively …) competitive commercialization and the eventual replacement of incumbents, we consider a dynamic strategy involving product market … entry before switching to a cooperative commercialization strategy. Empirical evidence from the automated speech recognition …
Persistent link: https://www.econbiz.de/10012458899
We propose a sufficient statistic for designing AI information-disclosure and selective automation policies. The approach allows for endogenous and biased beliefs, and effort crowd-out, without using a structural model of human decision-making. We deploy and validate our approach in a...
Persistent link: https://www.econbiz.de/10015421900
Recent accounts suggest the development and commercialization of invention has become more "open." Greater division of …
Persistent link: https://www.econbiz.de/10012458402
Startups in IT and life sciences appear to be flourishing. However, startups in other sectors, such as new materials, automation, and eco-innovations, which are often called "deep tech", seem to struggle. We argue that innovations with both technical and commercial challenges, typical of deep...
Persistent link: https://www.econbiz.de/10012814429
dissect two specific channels of discrimination: customer bias and managerial bias. To illustrate our framework, we integrate … the club are selected. The observed preferential bias at both ends of the draft incurs a substantial opportunity cost …. However, bias at the top end unduly affects competitiveness. Our findings provide significant implications for future research …
Persistent link: https://www.econbiz.de/10015195037
We study the long-run career mobility of young immigrants, mostly refugees, from Vietnam who moved to the United States during 1989-1995. This third and final migration wave of young Vietnamese immigrants was sparked by unexpected events that culminated in the Amerasian Homecoming Act....
Persistent link: https://www.econbiz.de/10014468267
patent) and creativity (fraction of superstar innovators, the likelihood of a very high number of citations, and generality …
Persistent link: https://www.econbiz.de/10012458770
Multi-establishment firms account for around 60% of U.S. workers' primary employers, providing ample opportunity for workers to change their work location without changing their employer. Using U.S. matched employer-employee data, this paper analyzes workers' access to and use of such...
Persistent link: https://www.econbiz.de/10014544699
Licensed workers could be shielded from unemployment during recession since occupational licensing laws are asymmetric--making unlicensed workers an illegal substitute for licensed workers but not the reverse. We test our hypothesis using a difference-in-differences event study research design...
Persistent link: https://www.econbiz.de/10014544764
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