Amazon, Superstar Cities, & the Regional Divide

A few weeks ago, we delved into the sharing economy, and the idea that platform-oriented businesses, driven by network effects, tend to warp competition into a winner-takes-all market. Whether it’s more established players (Facebook, Amazon) or fast growing unicorns (AirBnB, Uber), these platforms tend to capture disproportionate market share for two fundamental reasons: the low … Continue reading Amazon, Superstar Cities, & the Regional Divide

The Future of Mobility… GM?

Autonomous vehicles (AVs) capture the public imagination. And while there are concerns with the ever-increasing complexity of self-driving systems and uncertainty over how long it will actually take for these vehicles to become commercially available, in many ways, the technology, or perhaps more accurately, bundle of technologies, seems to have something for everyone--complex software and … Continue reading The Future of Mobility… GM?

Book Summary || Prediction Machines: The Simple Economics of Artificial Intelligence

Prediction Machines: The Simple Economics of Artificial Intelligence By: Ajay Agrawal, Joshua Gans, Avi Goldfarb     Summary: Prediction Machines: The Simple Economics of Artificial Intelligence develops a broad overview of how artificial intelligence (AI) works and how it will affect management and decision-making, the nature of jobs and the future structure of the economy, … Continue reading Book Summary || Prediction Machines: The Simple Economics of Artificial Intelligence