Question A:
If enacted and technologically effective, a national ban on the use of TikTok would have a measurably negative impact on US innovation.
Responses
© 2024. Kent A. Clark Center for Global Markets.
15%
7%
2%
46%
22%
7%
0%
Responses weighted by each expert's confidence
© 2024. Kent A. Clark Center for Global Markets.
6%
63%
28%
3%
0%
Question B:
If enacted and technologically effective, a national ban on the use of TikTok would have a measurably positive impact on the profits of the big US tech companies.
Responses
© 2024. Kent A. Clark Center for Global Markets.
15%
5%
0%
17%
17%
46%
0%
Responses weighted by each expert's confidence
© 2024. Kent A. Clark Center for Global Markets.
0%
21%
25%
54%
0%
Question A Participant Responses
Participant |
University |
Vote |
Confidence |
Bio/Vote History |
---|---|---|---|---|
Daron Acemoglu |
MIT | Bio/Vote History | ||
We should always be careful in blocking new technologies, hence my answer is "uncertain". But it is not clear what major (positive) innovation spillovers from TikTok are, and social media will have to be regulated. Regulations that also apply to US platforms would be better.
-see background information here |
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Joseph Altonji |
Yale | Bio/Vote History | ||
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Alan Auerbach |
Berkeley | Bio/Vote History | ||
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David Autor |
MIT | Bio/Vote History | ||
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Abhijit Banerjee |
MIT | Bio/Vote History | ||
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Marianne Bertrand |
Chicago | Bio/Vote History | ||
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Markus Brunnermeier |
Princeton | Bio/Vote History | ||
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Raj Chetty |
Harvard | Did Not Answer | Bio/Vote History | |
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Judith Chevalier |
Yale | Bio/Vote History | ||
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David Cutler |
Harvard | Bio/Vote History | ||
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Angus Deaton |
Princeton | Bio/Vote History | ||
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Darrell Duffie |
Stanford | Bio/Vote History | ||
Tik Tok is a significant social-media innovation. So, I agree. It may be appropriate to ban it on other grounds, like the potential for foreign monitoring of users.
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Aaron Edlin |
Berkeley | Bio/Vote History | ||
Not everything people use is good for them nor for society. Much social media is addictive, distracting, and lowers attention spans.
-see background information here |
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Barry Eichengreen |
Berkeley | Bio/Vote History | ||
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Liran Einav |
Stanford | Bio/Vote History | ||
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Ray Fair |
Yale | Bio/Vote History | ||
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Amy Finkelstein |
MIT | Did Not Answer | Bio/Vote History | |
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Pinelopi Goldberg |
Yale | Did Not Answer | Bio/Vote History | |
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Michael Greenstone |
University of Chicago | Bio/Vote History | ||
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Robert Hall |
Stanford | Did Not Answer | Bio/Vote History | |
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Oliver Hart |
Harvard | Bio/Vote History | ||
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Bengt Holmström |
MIT | Bio/Vote History | ||
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Caroline Hoxby |
Stanford | Bio/Vote History | ||
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Hilary Hoynes |
Berkeley | Bio/Vote History | ||
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Kenneth Judd |
Stanford | Bio/Vote History | ||
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Steven Kaplan |
Chicago Booth | Bio/Vote History | ||
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Anil Kashyap |
Chicago Booth | Bio/Vote History | ||
Could go the other way if triggers a race to come up with the successor and maybe this will prove to be a blip anyway.
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Pete Klenow |
Stanford | Bio/Vote History | ||
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Jonathan Levin |
Stanford | Bio/Vote History | ||
It would have geopolitical consequences, might chill certain types of investment, and would raise concerns about the government targeting individual companies. But US innovation is a broad category to measurably impact.
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Eric Maskin |
Harvard | Bio/Vote History | ||
I don't know how much TikTok currently contributes to innovation.
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William Nordhaus |
Yale | Bio/Vote History | ||
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Maurice Obstfeld |
Berkeley | Bio/Vote History | ||
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Emmanuel Saez |
Berkeley | Did Not Answer | Bio/Vote History | |
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Larry Samuelson |
Yale | Bio/Vote History | ||
Competitors or new innovations are likely to fill the void.
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José Scheinkman |
Columbia University | Bio/Vote History | ||
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Richard Schmalensee |
MIT | Bio/Vote History | ||
I've seen nothing to suggest a measurable effect.
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Carl Shapiro |
Berkeley | Bio/Vote History | ||
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Robert Shimer |
University of Chicago | Bio/Vote History | ||
Competition can enhance or retard innovation
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James Stock |
Harvard | Did Not Answer | Bio/Vote History | |
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Richard Thaler |
Chicago Booth | Bio/Vote History | ||
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Christopher Udry |
Northwestern | Bio/Vote History | ||
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Question B Participant Responses
Participant |
University |
Vote |
Confidence |
Bio/Vote History |
---|---|---|---|---|
Daron Acemoglu |
MIT | Bio/Vote History | ||
Yes, unless they are also regulated and this is one reason why regulations that apply to all social media companies are better than just blocking TikTok.
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Joseph Altonji |
Yale | Bio/Vote History | ||
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Alan Auerbach |
Berkeley | Bio/Vote History | ||
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David Autor |
MIT | Bio/Vote History | ||
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Abhijit Banerjee |
MIT | Bio/Vote History | ||
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Marianne Bertrand |
Chicago | Bio/Vote History | ||
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Markus Brunnermeier |
Princeton | Bio/Vote History | ||
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Raj Chetty |
Harvard | Did Not Answer | Bio/Vote History | |
|
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Judith Chevalier |
Yale | Bio/Vote History | ||
|
||||
David Cutler |
Harvard | Bio/Vote History | ||
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Angus Deaton |
Princeton | Bio/Vote History | ||
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Darrell Duffie |
Stanford | Bio/Vote History | ||
I'm uncertain because I don't know which big-tech firms that provide or would develop popular substitutes.
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Aaron Edlin |
Berkeley | Bio/Vote History | ||
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||||
Barry Eichengreen |
Berkeley | Bio/Vote History | ||
|
||||
Liran Einav |
Stanford | Bio/Vote History | ||
|
||||
Ray Fair |
Yale | Bio/Vote History | ||
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||||
Amy Finkelstein |
MIT | Did Not Answer | Bio/Vote History | |
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||||
Pinelopi Goldberg |
Yale | Did Not Answer | Bio/Vote History | |
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||||
Michael Greenstone |
University of Chicago | Bio/Vote History | ||
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||||
Robert Hall |
Stanford | Did Not Answer | Bio/Vote History | |
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||||
Oliver Hart |
Harvard | Bio/Vote History | ||
|
||||
Bengt Holmström |
MIT | Bio/Vote History | ||
|
||||
Caroline Hoxby |
Stanford | Bio/Vote History | ||
|
||||
Hilary Hoynes |
Berkeley | Bio/Vote History | ||
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||||
Kenneth Judd |
Stanford | Bio/Vote History | ||
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Steven Kaplan |
Chicago Booth | Bio/Vote History | ||
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Anil Kashyap |
Chicago Booth | Bio/Vote History | ||
You have to also make an assumption about whether and how China might retaliate, that could swamp the direct effect of reducing competition.
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Pete Klenow |
Stanford | Bio/Vote History | ||
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Jonathan Levin |
Stanford | Bio/Vote History | ||
It would eliminate a big competitor in social media
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Eric Maskin |
Harvard | Bio/Vote History | ||
TikTok seems to be taking quite a bit of business away from U.S. social media. A ban would give the American companies a chance to catch up.
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William Nordhaus |
Yale | Bio/Vote History | ||
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Maurice Obstfeld |
Berkeley | Bio/Vote History | ||
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||||
Emmanuel Saez |
Berkeley | Did Not Answer | Bio/Vote History | |
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Larry Samuelson |
Yale | Bio/Vote History | ||
|
||||
José Scheinkman |
Columbia University | Bio/Vote History | ||
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Richard Schmalensee |
MIT | Bio/Vote History | ||
Some (e.g., Facebook) might be affected, but others (e.g., Apple) would clearly not be. "The big US tech companies" differ in many ways.
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Carl Shapiro |
Berkeley | Bio/Vote History | ||
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Robert Shimer |
University of Chicago | Bio/Vote History | ||
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James Stock |
Harvard | Did Not Answer | Bio/Vote History | |
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Richard Thaler |
Chicago Booth | Bio/Vote History | ||
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Christopher Udry |
Northwestern | Bio/Vote History | ||
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