Computing capability continues to expand at a breakneck pace. New technologies are permeating the economy at an increasing rate. Machines are becoming capable of performing jobs previously solely performed by people due to digitization and automation. Manufacturing processes and organizations...

We consider a setting where strategic behavior of r&d firms can lead to different types of a technology lock-in, permanent or temporary, in an eventually inferior technology. The simple setting with one incumbent and one potential entrant may lead to a wide variety of possible strategic regimes....

This paper establishes that the rise in employer-provided training due to technological change has dampened the college wage premium. Using unique survey micro-data, I show that hightechnology firms provide more training overall, but the gap in training participation between high- and low-skill...

Computing capability continues to expand at a breakneck pace. New technologies are permeating the economy at an increasing rate. Machines are becoming capable of performing jobs previously solely performed by people due to digitization and automation. Manufacturing processes and organizations...