Exit, Tweets and Loyalty

That is the title of a new paper by Avi Goldfarb, Mara Lederman and myself. In 1970, Albert Hirschman wrote a widely read book, Exit, Voice and Loyalty, whereby he noted that economists relied solely on a particular mechanism -- exit -- to think about how organisations that aren't performing well are disciplined. Don't like …

Top Posts of 2016

As is traditional, here are the Top Posts of 2016 at Digitopoly The Simple Economics of Machine Intelligence The Entrepreneurship/Inequality Myth Adult colouring books reminds us that innovation lies outside economics Top Ten Open Questions for the Techno-Optimist What will it take to disrupt Facebook? Neither Uber nor Lyft believe that sharing is the future …

A Toast to Eli

Delivered on Nov. 12, on the occasion of Eli's Bar-Mitzvah. My dear son, awesome Eli. This may be the last time in the next few years I can get your attention for an uninterrupted five minutes. Sorry to do this in public. Try to smile. A Bar-Mitzvah traditionally marks the time for passing into adulthood. …

Neither Uber nor Lyft believe sharing is the future

... at least for cars. Uber is well-known for having pushed autonomous vehicles. And when it first floated the idea, somewhat bemused onlookers wondered how this fit with their short-term goals of attracting drivers. But when Uber set up a major R&D facility in Pittsburgh -- gutting Carnegie Mellon's computer science department -- it seemed …