Baking the Data Layer

The cookie turned 20 just the other day. More than a tasty morsel of technology, two decades of experimentation have created considerable value around its use. The cookie originated with the ninth employee of Netscape, Lou Montulli. Fresh out of college in June 1994, Montulli sought to embed a user’s history in a browser’s functions. …

Did the Internet Prevent all Invention from Moving to one Place?

The diffusion of the internet has had varying effects on the location of economic activity, leading to both increases and decreases in geographic concentration. In an invited column at VoxEU, Chris Forman, Avi Goldfarb and I presents evidence that the internet worked against increasing concentration in invention. This relationship is particularly strong for inventions with …