منابع مشابه
Technological Innovation: Winners and Losers∗
We analyze the effect of innovation on asset prices in a tractable, general equilibrium framework with heterogeneous households and firms. Innovation has a heterogenous impact on households and firms. Technological improvements embodied in new capital benefit workers, while displacing existing firms and their shareholders. This displacement process is uneven: newer generations of shareholders b...
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Who loses and who gains from globalisation is one of the big questions of our time. The people of East and South East Asia were thought be among the winners until the financial crisis hit this region in 1997. Indonesia, it seemed, suffered particularly badly with millions of people sinking into poverty. However, it became clear soon after that some parts of Indonesia had actually benefited from...
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In this study, we examine the impact of the Napster decision on RIAA sales. We also present a brief introduction to copyright law and DMCA. We compare RIAA sales to DVD and entertainment software sales, both before and after the Napster decision. Analysis of variance showed no differences in sales growth before Napster; that is, all industries showed similar growth. After Napster, however, RIAA...
متن کاملWinners and Losers in Restoring Old Havana
The socialist leadership seeks to remedy the tattered fabric of Havana’s built environment by drawing on a comparative advantage: tourism. Since 1959, tourism had never been a leading economic sector. Fidel Castro had often vowed that Cuba would not become an island of bourgeoisie-catering bartenders and chambermaids as did other Caribbean nations (Eckstein 1977). Accordingly, in 1975, just 25,...
متن کاملWinners love winning and losers love money.
Salience and satisfaction are important factors in determining the comparisons that people make. We hypothesized that people make salient comparisons first, and then make satisfying comparisons only if salient comparisons leave them unsatisfied. This hypothesis suggests an asymmetry between winning and losing. For winners, comparison with a salient alternative (i.e., losing) brings satisfaction...
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ژورنال
عنوان ژورنال: Economic Commentary (Federal Reserve Bank of Cleveland)
سال: 2019
ISSN: 2163-3738,0428-1276
DOI: 10.26509/frbc-ec-201915