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many sectors, but they also present new risks from potential misuse. We develop a multi-sector technology adoption model to … optimal adoption is gradual and convex. If social damages are proportional to the productivity gains from the new technology …
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the Massachusetts Institute of Technology. …
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vertically integrated when the producing industry is more technology intensive and the supplying industry is less technology … producer\\\'s costs. These results are generally robust and hold with alternative measures of technology intensity, with …
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relationship between technology intensity and vertical integration from a simple incomplete contracts model. Then, we investigate … find that the technology intensities of downstream (producer) and upstream (supplier) industries have opposite effects on … measures of technology intensity, with alternative estimation strategies, and with or without controlling for a number of firm …
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, as a technology platform, can automate tasks previously performed by labor or create new tasks and activities in which …
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We present a framework for understanding the effects of automation and other types of technological changes on labor demand, and use it to interpret changes in US employment over the recent past. At the center of our framework is the allocation of tasks to capital and labor – the task content...
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