All Article Summaries

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.

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.

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.

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.

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.

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.

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 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.

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.

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.