Questrom School of Business
Timothy Simcoe’s research covers topics in innovation, technology, intellectual property, and corporate strategy. He has consulted for major corporations in the information technology sector. During 2014 and 2015, Professor Simcoe served as a senior economist on President Obama’s Council of Economic Advisers. He is a faculty research fellow at the National Bureau of Economic Research and an editor at several journals, including Management Science.
|In the absence of a carbon tax, industry self-regulation can help mitigate the worst fallout from climate change.||Strongly Disagree||8||“Industry may be able to help society ‘innovate’ its way out of the worst climate change scenarios, but there is little evidence that self-regulation could provide an effective substitute for environmental policies that come with a credible threat of enforcement. Some industry-led programs may work well when there is ‘demand for green’ — but they will not be enough.”|
|Amazon’s new $15 per hour minimum wage will force other companies to follow suit.||Neither Agree nor Disagree||1||“I am no expert in the reputational impacts of raising wages (or not), but in the current labor market, it will be hard to distinguish ‘responding to Amazon’ from a competitive price.”|
|Restrictions on skilled immigration will cause US firms to to shift more operations overseas.||Disagree||5||“Literature says skilled immigrants boost U.S. firms’ foreign investment, so the relationship likely goes the other way. Without skills, however, no reason to think this implies more domestic investment.”|
|Uber has to develop self-driving cars in the next 10 years in order to remain viable.||Disagree||2||“All of my Uber drivers are now multi-homing. That’s a short-term problem. In the long-term, it’s hard to see Uber making the switch from competing for drivers to competing with them.”|
|A trade war will be more disruptive to business than to consumers.||Strongly Agree||8||“Price increases will be shared between firms and consumers. Most firms will not pass through 100% of a cost increase. But the disruption to global supply chains will be felt more keenly by business.”|
|Concern over consumer privacy will fundamentally limit businesses’ ability to use big data.||Disagree||7||“For most businesses, real constraint is data availability, data quality, and knowing what to do with it. Privacy will not be the binding constraint.”|