Since the 1980s, US industries have become increasingly dominated by large firms across almost all sectors. Why? One possibility is that large firms have become dominant because antitrust authorities have allowed too many mergers and acquisitions. James Bessen explores another possibility: that leading firms have been better at harnessing information technology (IT) for competitive advantage, allowing them to grow faster.
Research Summary: Why are large firms becoming more dominant?
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Lesley Chiou and Catherine Tucker
Does Big Data give large companies an unfair competitive advantage? New machine learning technologies depend on access to large amounts of data. This means that large companies might be able to use their huge stores of data to provide better products and services than smaller rivals and startups. Or not...
Research Summary: Does Big Data favor big companies? Read More →
Will industries use new information technologies to eliminate jobs? Sometimes productivity-enhancing technology increases industry employment instead. In manufacturing, jobs grew along with productivity for a century or more; only later did productivity gains bring declining employment. What changed? Markets became saturated.
Research Summary: Why Isn't Automation Creating Unemployment? Read More →
Samuel Himel and Rob Seamans