Codification, Technology Absorption, and the Globalization of the Industrial Revolution
This paper studies technology absorption worldwide in the late nineteenth century. We construct several novel datasets to test the idea that the codification of technical knowledge in the vernacular was necessary for countries to absorb the technologies of the Industrial Revolution. We find that comparative advantage shifted to industries that could benefit from patents only in countries and colon
Using Big Data to Estimate Consumer Surplus: The Case of Uber
Estimating consumer surplus is challenging because it requires identification of the entire demand curve. We rely on Uber’s “surge” pricing algorithm and the richness of its individual level data to first estimate demand elasticities at several points along the demand curve. We then use these elasticity estimates to estimate consumer surplus. Using almost 50 million individual-level observations a
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Security Analysis and the Collection of Hard and Soft Information
Generative AI and Firm Values
Generative AI at Work
