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Coal and the Industrial Revolution, 1700-1869

Clark, Gregory; Jacks, David - Economics Department, University of California-Davis - 2006

How important was coal to the Industrial Revolution? Despite the huge growth of output, and the grip of coal and steam … on the popular image of the Industrial Revolution, recent cliometric accounts have assumed coal mining mattered little to … the Industrial Revolution. In contrast both E. A. Wrigley and Kenneth Pomeranz have made coal central to the story. This …

Persistent link: https://www.econbiz.de/10008620375

Re-Assessing the U.S. Quality Adjustment to Computer Prices: The Role of Durability and Changing Software

Knittel, Christopher; Feenstra, Robert - Economics Department, University of California-Davis - 2006

In the second-half of the 1990s, the positive impact of information technology on productivity growth for the United States became apparent. The measurement of this productivity improvement depends on hedonic procedures adopted by the Bureau of Labor Statistics (BLS) and Bureau of Economic...

Persistent link: https://www.econbiz.de/10008620380

Strategic Incompatibility in ATM Markets

Knittel, Christopher; Stango, Victor - Economics Department, University of California-Davis - 2006

We test whether firms use incompatibility strategically, using data from ATM markets. High ATM fees degrade the value of competitors’ deposit accounts, and can in principle serve as a mechanism for siphoning depositors away from competitors or for creating deposit account differentiation. Our...

Persistent link: https://www.econbiz.de/10008620417

Tacit Collusion in the Presence of Cyclical Demand and Endogenous Capacity Levels

Knittel, Christopher; Lepore, Jason - Economics Department, University of California-Davis - 2006

We analyze tacit collusion in an industry characterized by cyclical demand and long-run scale decisions; …rms face deterministic demand cycles and choose capacity levels prior to competing in prices. Our focus is on the nature of prices. We …nd that two types of price wars may exist. In one,...

Persistent link: https://www.econbiz.de/10008620423

The Condition of the Working-Class in England, 1209-2004

Clark, Gregory - Economics Department, University of California-Davis - 2005

Industrial Revolution. Real wages were trendless before 1800, as would be predicted for the Malthusian era. Comparing wages with … the classic Industrial Revolution and even the arrival of modern democracy in 1689. Building wages also conflict with … human capital interpretations of the Industrial Revolution, as modeled by Becker et al. (1990), Galor and Weil (2000) and …

Persistent link: https://www.econbiz.de/10008620504