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Automation and Polarization
Acemoglu, Daron; Loebbing, Jonas - 2023
We develop an assignment model of automation. Each of a continuum of tasks of variable complexity is assigned to either capital or one of a continuum of labor skills. We characterize conditions for interior automation, whereby tasks of intermediate complexity are assigned to capital. Interior...
Persistent link: https://www.econbiz.de/10014467790
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Automation and polarization
Acemoglu, Daron; Löbbing, Jonas - 2023
We develop an assignment model of automation. Each of a continuum of tasks of variable complexity is assigned to either capital or one of a continuum of labor skills. We characterize conditions for interior automation, whereby tasks of intermediate complexity are assigned to capital. Interior...
Persistent link: https://www.econbiz.de/10014496402
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Robust comparative statics in large dynamic economies
Acemoglu, Daron; Jensen, Martin Kaae - 2012
We consider infinite horizon economies populated by a continuum of agents who are subject to idiosyncratic shocks. This framework contains models of saving and capital accumulation with incomplete markets in the spirit of works by Bewley, Aiyagari, and Huggett, and models of entry, exit and...
Persistent link: https://www.econbiz.de/10009573286
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A Model of Behavioral Manipulation
Acemoglu, Daron; Makhdoumi, Ali; Malekian, Azarakhsh; … - National Bureau of Economic Research - 2023
We build a model of online behavioral manipulation driven by AI advances. A platform dynamically offers one of n products to a user who slowly learns product quality. User learning depends on a product's "glossiness,' which captures attributes that make products appear more attractive than they...
Persistent link: https://www.econbiz.de/10014437003
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Robust Comparative Statics in Large Dynamic Economies
Acemoglu, Daron; Jensen, Martin Kaae - National Bureau of Economic Research (NBER) - 2012
We consider infinite horizon economies populated by a continuum of agents who are subject to idiosyncratic shocks. This framework contains models of saving and capital accumulation with incomplete markets in the spirit of works by Bewley, Aiyagari, and Huggett, and models of entry, exit and...
Persistent link: https://www.econbiz.de/10010821853
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Institutions as the Fundamental Cause of Long-Run Growth
Acemoglu, Daron; Johnson, Simon; Robinson, James A - C.E.P.R. Discussion Papers - 2004
This Paper develops the empirical and theoretical case that differences in economic institutions are the fundamental cause of differences in economic development. We first document the empirical importance of institutions by focusing on two ‘quasi-natural experiments’ in history, the...
Persistent link: https://www.econbiz.de/10005666917
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Economic and Political Inequality in Development: The Case of Cundinamarca, Colombia
Acemoglu, Daron; Robinson, James Alan; Bautista, María … - National Bureau of Economic Research (NBER) - 2007
Is inequality harmful for economic growth? Is the underdevelopment of Latin America related to its unequal distribution … of wealth? A recently emerging consensus claims not only that economic inequality has detrimental effects on economic … growth in general, but also that differences in economic inequality across the American continent during the 19th century are …
Persistent link: https://www.econbiz.de/10005830802
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Equilibrium bias of technology
Acemoglu, Daron (contributor) - 2005
Persistent link: https://www.econbiz.de/10003409690
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Equilibrium bias of technology
Acemoglu, Daron - In: Econometrica : journal of the Econometric Society, an … 75 (2007) 5, pp. 1371-1409
Persistent link: https://www.econbiz.de/10003539905
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The world our grandchildren will inherit : the rights revolution and beyond
Acemoglu, Daron - 2012
Persistent link: https://www.econbiz.de/10009535056