This week's IGM European Economic Experts Panel statement:
Ideas are nonrival, so increasing returns to scale is an essential feature of technological change in a market economy.
Keyword: tech companies
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This week's IGM Economic Experts Panel statement:
Ideas are nonrival, so increasing returns to scale is an essential feature of technological change in a market economy.
This week’s IGM European Economic Experts Panel statement:
Over the next decade, autonomous cars will raise average welfare in the EU by at least as much as smartphones have over the past decade.
This week’s IGM European Economic Experts Panel statements:The European Commission has proposed new rules to ensure that “digital business activities are taxed in a fair and growth-friendly way in the EU”. Consider two statements regarding this proposal: An EU-wide 3% tax on revenue from digital activities would, on balance, be a good idea.
If the EU decides to tax digital service providers, it would be better — given the difficulties of measuring and verifying digital activity — to tax them on the revenue, rather than the profits, that they generate locally.
This week's IGM Economic Experts Panel statement:
Over the next decade, autonomous cars will raise average welfare in the US by at least as much as smartphones have over the past decade.
This week's IGM European Economic Experts Panel Statement:
Over the past two years, all else equal, the appeal of the US as a destination for immigrants has changed in ways that will likely decrease innovation in the US economy.
This week's IGM Economic Experts Panel statement:
Over the past two years, all else equal, the appeal of the US as a destination for immigrants has changed in ways that will likely decrease innovation in the US economy.
This week’s IGM Economic Experts Panel statements:
A) Holding labor market institutions and job training fixed, rising use of robots and artificial intelligence is likely to increase substantially the number of workers in advanced countries who are unemployed for long periods.
B) Rising use of robots and artificial intelligence in advanced countries is likely to create benefits large enough that they could be used to compensate those workers who are substantially negatively affected for their lost wages.
This week's IGM European Economic Experts Panel statements:
A) Holding labor market institutions and job training fixed, rising use of robots and artificial intelligence is likely to increase substantially the number of workers in advanced countries who are unemployed for long periods.
B) Rising use of robots and artificial intelligence in advanced countries is likely to create benefits large enough that they could be used to compensate those workers who are substantially negatively affected for their lost wages.
This week's IGM European Economic Experts Panel statements:
A) Consumers will be better off, on balance, if European cities treat firms that provide ride-sharing platforms (such as Uber) as substantively different from taxi firms, and thus not necessarily warranting the same regulation.
B) Assuming that taxi and ride-sharing companies were treated as substantively similar — including requirements that they operate on an equal footing regarding safety, insurance and taxation — letting ride-sharing services compete without restrictions on prices or routes would raise consumer welfare.
C) Regardless of how ride-sharing services are treated, existing regulations for traditional taxi firms in many European cities harm consumers by limiting competition.
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