All Article Summaries
These article summaries are written by TAP staff members. TAP’s purpose for this section of the site is to present information, points of view, research, and debates.
From Prediction to Transformation
Artificial intelligence (AI) systems improve the quality of business decisions. Early applications of AI are not transformative. However, AI can transform business processes entirely by changing patterns of decision-making.
Prediction, Judgment, and Complexity: A Theory of Decision Making and Artificial Intelligence
Artificial intelligence (AI) raises the possibility that machines will substitute for humans. AI improves the accuracy of predictions, but when a prediction cannot be made with absolute certainty, judgment is needed to choose the best course of action. Judgment can sometimes be automated.
Prediction Machines: The Simple Economics of Artificial Intelligence
Advances in artificial intelligence (AI) now offer improved predictions, which will reduce uncertainty and lead to the redesign of business strategies. AI will affect jobs, the concentration of corporate power, privacy, and politics around the world.
Scholarly Publishing and its Discontents: An Economist’s Perspective on Dealing with Market Power and Its Consequences
Scholarly journals charge libraries high prices for access to academic articles. Activists protest such restrictions on access to knowledge. Some hoped that the Internet would improve access to academic publishing, but this effect is limited.
Platform Syphoning: Ad-Avoidance and Media Content
This paper analyzes the effect of ad-avoidance technology on ad-supported business models.
The Impact of Targeting Technology on Advertising Markets and Media Competition
This paper presents a formal analysis of advertising when the Internet allows targeting of advertisements.
When is Static Analysis a Proxy for Dynamic Considerations? Reconsidering Antitrust and Innovation
This paper considers how different types of markets affect analyses of antitrust policies.
Impact of Uncertain Intellectual Property Rights on the Market for Ideas, The: Evidence for Patent Grant Delays
This paper explores causes of uncertainty in the patent system and its role in the market for ideas.
Why Tie a Product Consumers Do Not Use?
This paper looks at a possible reason why Microsoft combined its Media Player with Windows.