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.
Invention Value, Inventive Capability and the Large Firm Advantage
Large firms have an advantage in innovation. A new model shows that large firms are better at commercializing new inventions. The advantage is less in sectors where innovators can easily license technologies to other firms.
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.
Automation and the Workforce: A Firm-Level View from the 2019 Annual Business Survey
A survey of thousands of firms helps economists understand the spread of advanced technologies such as robotics. Advanced technologies are often used for automation, and generally improves productivity.
Tasks, Automation, and the Rise in U.S. Wage Inequality
A new model for measuring the effect of technology on the growth of wage inequality is based on the theory that workers displaced by automation will experience a decline in their wage rates relative to other workers.
Leveraging Value Creation to Drive the Growth of B2B Platforms
Some assume that Business-to-Business (B2B) platforms are similar to Business-to-Consumer (B2C) platforms. However, the needs of B2B consumers are more complex. B2B platforms create value differently than B2C platforms.
Creating a Platform for Costless Personalization in Clothing
A case study of Threadless reveals the importance of co-inventions combining understanding of technology with business processes. Threadless creates digital dark matter, benefits that cannot easily by measured.
How Hybrid Working from Home Works Out
Hybrid working from home (WFH) has greatly increased since the pandemic. Data shows that WFH employees enjoy increased job satisfaction and lower attrition. WFH changes the structure of the work week and messaging behavior.
Antitrust Policy toward Intermediaries: Digital Platforms and “Big Tech”
Antitrust authorities express concerns about the power of "Big Tech." Authorities should apply advances in the study of platforms to better understand the beneficial role of digital platforms serving as intermediaries.
The Inequalities of Innovation
Gains from innovation and opportunities to innovate are not distributed equally. Sometimes, the patent system helps the poor become richer, but can also help the rich become richer.
Antitrust and Innovation Competition
Some antitrust policymakers are recognizing the importance of innovation competition, including nonprice competition and technological change. Antitrust policymakers must update their analysis to avoid errors.