Technology
Replacing Credit and Debit Cards With Account-to-Account Payments Would Save Americans Billions
The transaction fees that businesses incur using credit and debit cards cost Americans billions of dollars each year. Despite the availability of alternative, cheaper account-to-account options that cut out the middleman, Americans have been slow to move away from card payment systems due to market mechanisms that hide the true costs of card transactions to consumers, writes Eli Orbach.
How IT Affects Firm Size, Market Concentration, and the Labor Share
Does investing in information technology (IT) enable firms to “scale without mass” and increase their market share? In a new paper, Erik Brynjolfsson, Wang Jin, and Xiupeng Wang examine how IT affects firm size, market concentration, and the labor share of revenue.
Children of Workers Impacted by Automation Are More Likely To Experience Lower Income Mobility
A new empirical study examines whether advancements in automation and robotics have affected intergenerational income mobility. The authors find that parents’ exposure to new...
The Digital Divide During Epidemics: Who Benefits From New Financial Technologies?
A new paper finds that exposure to an epidemic in the current year significantly increases the likelihood that an individual completes financial transactions via...
Four Key Takeaways from Thursday’s Antitrust Subcommittee Hearing
Held just before the House’s antitrust subcommittee is expected to release its long-anticipated report on digital platforms, Thursday's hearing yielded clues as to which...
The Qualcomm Case: Why Protecting American Tech Monopolies Is a Big Favor to China
The FTC sued the company that monopolized the market of components for cell phones with its aggressive patent policy. However, in the technological race...
A Tale of Hubris and Excess: How Uber Fooled Portland Regulators
In an excerpt from his new book "Super Pumped: The Battle for Uber," New York Times reporter Mike Isaac reveals the details of Uber's...
If You Don’t Think Today’s Tech Giants Are Vicious, Just Ask Venture Capitalists
Silicon Valley today resembles the deepest part of the jungle known as the triple canopy, where tall trees block out all the light and...
Is China’s International Joint Venture Policy Effective in Diffusing Technology?
The US administration launched a trade war against China in response to what it sees as unfair trade practices—especially the requirement that foreign firms...
The Motives of “Joiners” Explain Higher Rates of Innovation in Startup Firms
It’s not just the founders of startups who boast an entrepreneurial spirit and a willingness to take risks. Those who join new ventures show...
