When Does More Information-gathering Lead to More Production ? the Case of the Newsvendor

Abstract

Empirical research has found that advances in Information Technology (IT), accompanied by IT investments, largely explain the massive productivity gains of the 1990s. It is plausible, moreover that they partially explain the observed shifts in the composition of the US labor force in favor of IT-using labor. There is, however, very little in the way of… (More)

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